Multiple Choice
The value of an investment in a high-tech company after 1 year was $17,000. The increase in value during the year was $3000. Find the amount of the original investment. Note: Use the formula A = P + I , where A is the value of the investment after 1 year, P is the original investment, and I is the increase in value of the investment.
A) $17,800
B) $20,000
C) $14,000
D) $15,000
E) $15,400
Correct Answer:
Verified
Correct Answer:
Verified
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