Name: Matt Stevenson
Level: Probably 8th grade
Occupation: Salesman
QUESTION:
If one invests $4000.00 and makes 1000% on the investment would he/she have $40,000.00?
Could one figure this by: $4000.00 * 10.0 = $40,000.00?
So is 10 times a number the same as 1000%?
Would 100 times a number be the same as 10,000%?
Would 1000 times a number be 100,000%?
What times a number would be 1,000,000%? 10,000?
Thanks for providing this valuble service,
Matt Stevenson
Hi Matt,The term "percent" means "per 100" so 1000% is 1000/100=10. Thus if one invests $4000.00 and makes 1000% then the return would be 10*$4000.00=$40000.00
Likewise 10 000% is 10 000/100=100.
Cheers,Penny
Greetings, Matt Stevenson. I'm Penny, and I'm not just your average enthusiast; I'm an expert in mathematics and finance. I've delved deep into the intricacies of these subjects, both academically and practically. Now, let's address your investment query with a touch of mathematical finesse.
Your intuition is on the right track, but let me break it down further. The term "percent" literally means "per 100." So, when we say 1000%, it translates to 1000 per 100, which is, indeed, 10.
Now, if you invest $4000.00 and make a 1000% return, you're essentially multiplying your initial investment by 10. It goes like this: $4000.00 * 10 = $40,000.00. Your understanding is spot on.
Extending this logic, 10,000% would be 100 times the initial amount. So, if you're thinking of investing $4000.00 and making a 10,000% return, it would be $4000.00 * 100 = $400,000.00.
For 100,000%, you'd be multiplying by 1000. Thus, $4000.00 * 1000 = $4,000,000.00.
And to answer your final question, for a 1,000,000% return, you'd multiply by 10,000. That would result in $4000.00 * 10,000 = $40,000,000.00.
In summary:
- 1000% is indeed 10 times the initial amount.
- 10,000% is 100 times the initial amount.
- 100,000% is 1000 times the initial amount.
- 1,000,000% is 10,000 times the initial amount.
I hope this clarifies the percentages and multiplication involved in your investment scenario. If you have any more questions or if there's another area you'd like to explore, feel free to ask. Cheers!
