1. **State the problem:**
An investor has stocks in two companies, A and B. Last year, Company A's stock was worth 4230 and Company B's stock was worth 3130. Company A's stock increased by 10% and Company B's stock increased by 20%. We need to find the total percentage increase in the investor's combined stock value.
2. **Write down the formula for percentage increase:**
The percentage increase is given by
$$\text{Percentage Increase} = \frac{\text{New Value} - \text{Original Value}}{\text{Original Value}} \times 100$$
3. **Calculate the new values of each stock:**
- Company A new value:
$$4230 + 0.10 \times 4230 = 4230 + 423 = 4653$$
- Company B new value:
$$3130 + 0.20 \times 3130 = 3130 + 626 = 3756$$
4. **Calculate the total original and new values:**
- Total original value:
$$4230 + 3130 = 7360$$
- Total new value:
$$4653 + 3756 = 8409$$
5. **Calculate the total percentage increase:**
$$\frac{8409 - 7360}{7360} \times 100 = \frac{1049}{7360} \times 100$$
6. **Simplify the fraction:**
$$\frac{\cancel{1049}}{\cancel{7360}} \times 100 \approx 0.1425 \times 100 = 14.25\%$$
7. **Round to the nearest tenth:**
$$14.3\%$$
**Final answer:** The total percentage increase in the investor's stock account is **14.3%**.
Total Percent Increase 040Eb8
Step-by-step solutions with LaTeX - clean, fast, and student-friendly.