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Solve the Problem 8%8 \% How Much Did the Investor Pay for the 100

Question 185

Multiple Choice

Solve the problem.
-On Monday, an investor bought 100 shares of stock. On Tuesday, the value of the shares went up 8%8 \% . How much did the investor pay for the 100 shares if he sold them Wednesday morning for $1620\$ 1620 ? Round to the nearest dollar if necessary.


A) $1550\$ 1550
B) $1570\$ 1570
C) $1500\$ 1500
D) $1490\$ 1490

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