Question

Sherry invests money in stock. Her initial investment is $3,000, and after one month the stock’s value increases by 20%. After another month, her investment’s value dips by 10%. In the third month, her stock's value increases again, by 15%. How much is her investment worth now?

Answer 1

Answer:

Investment worth now = 3,726 dollars

Explanation:

This is simple question which can easily be understood with the help of following calculations.

Initial Investment = $ 3000  -A

Value increase by 20% = A*1.2 = 3600-B

Value dip by 10% = B*0.9 = 3240-C

Value increase by 15%= C*1.15 = 3726

In this way by applying rate to last determine value we can get current investment worth.