Meda invested $1,000 into a particular stock. In four months, her stock was worth $3,000. Find the percent of increase in her investment.
(3,000 - 1,000) / 1,000
Multiply the decimal answer by 100 to find the percent.
so he answer will be 2x100= 200%.
Right.
To find the percent of increase in Meda's investment, we need to calculate the difference between the final value and the initial value, and then divide that difference by the initial value. Finally, multiply the result by 100 to express the increase as a percentage.
Let's calculate step by step:
1. Calculate the difference in value:
Final Value = $3,000
Initial Value = $1,000
Difference = Final Value - Initial Value
= $3,000 - $1,000
= $2,000
2. Calculate the percent increase:
Percent Increase = (Difference / Initial Value) * 100
= ($2,000 / $1,000) * 100
= 200%
Therefore, Meda's investment increased by 200%.