Question

Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent? a. $590.00 b. $286.33 c. $257.70 d. $250.19

Answer 1

If 100% is 8590$
Than 1% is 85.9$
3% is then 257.7$