Use an Equation to Solve the Problem $5 \%$ How Much Did the Investor Pay for the 100

Use an equation to solve the problem.
-On Monday, an investor bought 100 shares of stock. On Tuesday, the value of the shares went up $5 \%$ . How much did the investor pay for the 100 shares if he sold them Wednesday morning for $\$ 1470.00$ ?

A) $\$ 1543.50$
B) $\$ 1420.00$
C) $\$ 1450.00$
D) $\$ 1400.00$

Correct Answer:

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