1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
1 year ago
13

What is the difference between the value of your stocks at the end of the second year and your initial investment?

Mathematics
1 answer:
Brrunno [24]1 year ago
5 0

Given:

\begin{gathered} Investment=3,150.00 \\ First-year=loss-5\% \\ Second-year=gain-9\% \end{gathered}

To Determine: The value of the stocks in the second year compared to the initial investment

Solution

\begin{gathered} First-year=5\%-loss \\ End-of-first-year=(100-5)\%\times3150 \\ =95\%\times3150 \\ =2992.50 \end{gathered}\begin{gathered} Second-year=9\%-gain \\ End-of-second-year=(100+9)\%\times2992.50 \\ =109\%\times2992.50 \\ =1.09\times2992.50 \\ =3261.83 \end{gathered}

Therefore, the difference between the value of your stocks at the end of the second year and the initial investment is

\begin{gathered} Difference=3261.83-3150 \\ =111.83 \end{gathered}

Hence, the difference is $111.83

You might be interested in
How do you subtract -2 from 3
jonny [76]
Make a number starting from -2 and ending with 3. Start at -2 and go to the right 3 times and you get 1
8 0
3 years ago
Please help me show the work and will be marked as brainliest
ELEN [110]

Hi what are you trying to do here?


5 0
3 years ago
Read 2 more answers
Multiply the polynomials.<br> (3 x2 + 3x + 5)(6x + 4)
miss Akunina [59]

= ( 3x² + 3x + 5 ) ( 6x + 4 )

= 18x³ + 18x² + 30x + 12x² + 12x + 20

= 18x³ + 30x² + 42x + 20

6 0
2 years ago
Read 2 more answers
Which of the following is the correct way to name the entire figure shown ​
faust18 [17]

Answer:

Step-by-step explanation:

i

5 0
3 years ago
Read 2 more answers
PLZZZ HELP ME I WILL GIVE BRAINLY
Goryan [66]

Answer: x is for bouquets and y is for centerpieces.

Step-by-step explanation:

13x+4y=487

6x+2y=232

4 0
2 years ago
Read 2 more answers
Other questions:
  • How many total circles will be used if there are 20 rows of circles? Show all calculations.
    14·1 answer
  • How many models of 100 do you need to model 3,200 explain
    11·2 answers
  • Niki earned 343.75 dollars for working 25 hours last week how much does Niki get paid per hour
    9·2 answers
  • Brian says that ABCD is a right triangle. Is he correct? (Do the numbers 1 point
    9·1 answer
  • Please help and show the work to this page !!
    10·2 answers
  • How to graph 1.5 on a graph
    7·1 answer
  • How do I do probabillty
    11·2 answers
  • What is the area of the regular trapezoid below?
    5·2 answers
  • Fasfasdasfsadasfsadsfasdsad
    11·1 answer
  • Calculate the perimeter of the shape to the nearest whole number
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!