Sandy recieved a dividend that equals 11% of the value of her investment. If her dividend was 1020.80, how much was her investment?

Question

story problem and this is straight out of the book.

Don L. · Accepted Answer

Hi Mindi, let x represent the amount of Sandy's investment. 11% of Sandy's investment paid a dividend of 1020.80. To find out how much Sandy's investment is, divide 1020.80 by 11%. Change 11% to a decimal, .11.
 
x = 1020.80 / .11
 
x = 9280
 
To check multiply 9280 by .11, or 1020.80.
 
Questions?

Sandy recieved a dividend that equals 11% of the value of her investment. If her dividend was 1020.80, how much was her investment?

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Sandy recieved a dividend that equals 11% of the value of her investment. If her dividend was 1020.80, how much was her investment?

1 Expert Answer

Still looking for help? Get the right answer, fast.

OR

RELATED TOPICS

RELATED QUESTIONS

Dan claims that the sales tax going from 5% to 6% is only increasing the sales tax by 1 percentage point. Stan says that the sales tax is going up by 20%.

Abe looked at his reciept and noted that the total before the discount was $75 but he paid only $56.25. Barb's total was $52 but she paid only $31.20.

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