Multiple choice

Camila has invested in a firm. The value of her investment increases by 8.2 percent. If her initial investment was $19,000, then what is the current value of her investment?

  1. $19,558
  2. $20,458
  3. $20,554
  4. $20,558
  5. $21,558
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Current value = 19,000 * (1 + 0.082) = 19,000 * 1.082 = 20,558.

AI explanation

The increase in the investment is calculated by multiplying 19000 by 0.082, which equals 1558. Adding this 1558 gain to the initial 19000 investment yields a current value of $20,558.