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# You have just received word that your original investment of \$650 has increased in value by 17%. What is the value of your investment today?

I have no idea how to work this problem. Someone show me how to please

### 2 Answers by Expert Tutors

Efe M. | Licensed Energetic, Creative, and Motivational Math TeacherLicensed Energetic, Creative, and Motiva...
4.8 4.8 (62 lesson ratings) (62)
1

Hi Elizabeth,

In order to solve this problem we would first need to find out what 17% of the original value is in dollars. This can be found by:

• 650 x (17/100) = 650 x 0.17 = \$110.5

What this is telling us, is that the original investment has increased by \$110.5. Therefore our final answer will be:

• 650 + 110.5 = \$760.5

Hope this helps!

Thank you so much!

You're very welcome!

Gene G. | You can do it! I'll show you how.You can do it! I'll show you how.
5.0 5.0 (254 lesson ratings) (254)
2

For your introduction to this type of problem you should solve it this way so you understand how it works:

Since you started with \$650 and it went up by 17%, you can calculate what 17% of \$650 is, then add that to the starting amount.

17% is the same as 0.17, so 17% of \$650 is:
\$650 * 0.17 = \$110.50

This is the amount of the gain.  Just add it to \$650:
Amount today = \$650 + \$110.50 = \$760.50

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After you get a little practice with doing it that way, you can speed it up a bit.

As of today you still have 100% of the original investment, plus 17% more.

You can add 100% + 17% to get 117%. Multiply that times the original investment.

117% = 1.17

\$650 * 1.17 = \$760.50