The value of an investment in a high-tech company after 1 year was $17,000. The increase in value during the year was $3000. Find the amount of the original investment. Note: Use the formula A = P + I , where A is the value of the investment after 1 year, P is the original investment, and I is the increase in value of the investment.
A) $17,800
B) $20,000
C) $14,000
D) $15,000
E) $15,400

Question

The value of an investment in a high-tech company after 1 year was $17,000. The increase in value during the year was $3000. Find the amount of the original investment. Note: Use the formula A = P + I , where A is the value of the investment after 1 year, P is the original investment, and I is the increase in value of the investment. ​
A) $17,800
B) $20,000
C) $14,000
D) $15,000
E) $15,400

Quizplus · Accepted Answer

The original investment (P) can be found by subtracting the increase in value (I) from the value after 1 year (A). Using the formula A = P + I, we have $17,000 = P + $3,000. Solving for P gives P = $17,000 - $3,000 = $14,000.

The Value of an Investment in a High-Tech Company After