If 6 people invest $700 each in a stamp collection and after a year the collection is worth $4,050, how much did each person lose?

Name: If 6 people invest $700 each in a stamp collection and after a year the collection is worth $4,050, how much did each person lose?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The total amount invested in the stamp collection is $700 x 6 = $4,200.
After a year, the value of the collection is $4,050.
Therefore, each person has lost $4,200 - $4,050 = $150.
So the answer is (E).

If 6 People Invest $700 Each in a Stamp Collection