The Millers plan on retiring soon. When they were first married they purchased 1,000 shares in a mutual fund that was at that time paying $10 a share. Now, thirty years later is is paying $78 a share. What is the percent increase for the fund?

A)
6.8%

B)
68%

C)
680%

D)
6,800%

Question

The Millers plan on retiring soon. When they were first married they purchased 1,000 shares in a mutual fund that was at that time paying $10 a share. Now, thirty years later is is paying $78 a share. What is the percent increase for the fund?
	

A)
	6.8% 	
	

B)
	68% 	
	

C)
	680% 	
	

D)
	6,800%

anonymous · Answer

First we subtract 78 - 10

anonymous · Answer

I think it is C 680% I just tried to work it out

anonymous · Answer

Yeah, I got the same thing..

anonymous · Answer

78 - 10 = 68

68 / 10 = 6.8

6.8 * 100 = 680%