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3 years ago

15

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?

2 answers:

Norma-Jean [14]3 years ago

4 0

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

Gennadij [26K]3 years ago

3 0

Answer:

111.83 is the answer that is accepted by the quiz.

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