Question

You invest $3,150.00 in a stock plan. The first year, it loses 5% of its value. The second year, it gains 9% of its value. What is the value of your stocks in the second year compared to your initial investment?

Answer 1

First year it loses 5%
3,150×(1−0.05)
=2,992.5
second year gains 9%
2,992.5×(1+0.09)
=3,261.825

Answer 2

Answer:

111.83 is the answer that is accepted by the quiz.