Question

At the start of the month, the value of an investment was $73.42. By the end of the month, the value of the investment changed by a loss of $13.53. What was the value, in dollars, of the investment at the end of the month? What was the percent loss? (Round to the nearest tenth.)

Answer 1

Answer:

0.8%.

Step-by-step explanation:

Given:

At the start of the month, the value of an investment was $73.42.

By the end of the month, the value of the investment changed by a loss of $13.53.

Question asked:

What was the value, in dollars, of the investment at the end of the month?

What was the percent loss?

Solution:

At the start of the month, the value of an investment = $73.42.

Loss = $13.53.

The value, of the investment at the end of the month = The value of an investment at the start of the month - loss

The value, of the investment at the end of the month = $73.42 - $13.53

                                                                                         = $59.89

Thus, the value, of the investment at the end of the month is $59.89.

Now, we will find percent loss:-

$Percent\ loss = \frac{Loss}{value\ of \ investment\ at \ start}$

                    $=\frac{59.89}{73.42} \\=0.81\%$

Thus, percent loss on investment by the end of the month is 0.8%.