Multiple choice

Sophie has invested in an organization. The value of her investment has decreased by 6.8 percent since her initial investment. If her initial investment was $17,800, then what is the current value of her investment?

  1. $16,589.6
  2. $16,580.0
  3. $15,589.6
  4. $15,450.0
  5. $15,359.0
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

To find the current value, subtract 6.8 percent of the initial investment from the total. Calculate 0.068 * 17800 = 1210.4, then 17800 - 1210.4 = 16589.6.

AI explanation

The loss in value is found by multiplying the initial investment of 17800 by 0.068, resulting in a decrease of \$1210.4. Subtracting this decrease from the initial amount gives 17800 - 1210.4, resulting in a current value of \$16,589.6.

Keep practicing — related questions