Problema Solution
Jim invested in Ford Motors. He gained 10% of his investment, giving him $50. What was his initial investment? Show your work.
Answer provided by our tutors
50=x(1+.10)^1 I'm assuming it's for 1 year.
50=1.1x
x=50/1.1
x=$45.45 was his initial investment.
Proof:
45.45*1.1=50
50~50