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:

The value of the investment by the end of the month is $59.89.

Percent loss = 20% to the nearest tenth

Step-by-step explanation:

At the end of the month, there was a loss of $13.53 from the $73.42 investment at the beginning of the month.

Value in Dollars = $73.42 - $13.53

= $59.89

The value of the investment by the end of the month is $59.89.

PERCENTAGE LOSS =

(CP - SP / CP ) * 100

= ($73.42 - $59.89 / $73.42) * 100

= ($13.53 / $73.42) * 100

= 0.184 * 100

= 18.43%

= 20% to the nearest tenth

Enjoy! Maths is fun