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AlekseyPX
3 years ago
8

You invest 1000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May comes

you see you gained 13%. What is the value of your account?
Business
1 answer:
Debora [2.8K]3 years ago
3 0
Hello! So, $1,000 is invested in the account. You lost 13% of that later on. To find out how much is left after that, multiply 1,000 by 87%. This is because although you have lost 13% of it, you still have 87% of it left. 100 - 13 is 87. 1,000 * 87% (0.87) is 870. So your statement is down to $870. However, you gain 13% of the current amount. To find out the amount in the account, add 1 to the rate in decimal form, and then multiply that by the amount in the statement. We add 1 to the rate when we're looking for total amount, because doing that will take you straight to the total amount and makes you less likely to make an error. 13% is 0.13 in decimal form. 1 + 0.13 is 1.13. 870 * 1.13 is 983.1. There. The value of your account is $983.10.
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July 1 - Dec 31    $400,000 *4.8%*6/12 =  $9,600

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Nov 30 - Dec 31  $600,000*4.8%*1/12 =     <u>$2,400</u>

Total Interest for 2016                              <u>  $19,200</u>

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Jan 1 - Dec 31   $1,600,000*4.8% =             $76,800

Jan 30 - Dec 31   $540,000*4.8%*11/12 =     <u> 23,760</u>

Total interest for the year 2017                 <u>  $100,560  </u>

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 <u>   $2,000,000*8%   +     $8,000,000*4%</u>

      $2,000,000 + $8,000,000

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        10,000,0000

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Interest to be capitalized on construction expenditure will be interest on the amount borrowed to finance such construction. the interest will be from commencement of the construction to the cessation period

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However, based on the information provided in the question, the option will not be exercised and this will result into the highest net loss of $1,562.50 (i.e. – $1,562.50).

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