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At the beginning of 1992, Maria's stock portfolio was worth $600,000.

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At the beginning of 1992, Maria's stock portfolio was worth $600,000.  [#permalink]

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New post 13 Sep 2016, 01:11
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At the beginning of 1992, Maria's stock portfolio was worth $600,000. During 1992, the portfolio's value increased by 95%. During the next year, the portfolio increased its worth by only 5%. What was Maria's portfolio worth, in dollars, by the end of 1993?

A. 1,180,000
B. 1,200,000
C. 1,200,300
D. 1,228,500
E. 1,330,000

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Re: At the beginning of 1992, Maria's stock portfolio was worth $600,000.  [#permalink]

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New post 13 Sep 2016, 02:00
By the end of 1992, the port folio worth is 1.95 * ($600K)
By 1993, the portfolio is 1.05 * (1.95 * $600K)

=$ 1,228,500
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Re: At the beginning of 1992, Maria's stock portfolio was worth $600,000.  [#permalink]

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New post 13 Sep 2016, 02:51
D $1228500
beginning of 1992 it was $600000. at the end of the year it rose by 95% means 1.95*$600000= $1,170,000
at the end of the year 1993 it rose by 5% means 1.05*$1,170,000= $1228500
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Re: At the beginning of 1992, Maria's stock portfolio was worth $600,000.  [#permalink]

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New post 23 Jun 2017, 16:14
Bunuel wrote:
At the beginning of 1992, Maria's stock portfolio was worth $600,000. During 1992, the portfolio's value increased by 95%. During the next year, the portfolio increased its worth by only 5%. What was Maria's portfolio worth, in dollars, by the end of 1993?

A. 1,180,000
B. 1,200,000
C. 1,200,300
D. 1,228,500
E. 1,330,000


The portfolio increased by 95 and 5 percent so

2.95(6) = 117
117(2.05) = 12285

Thus
"D"
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Re: At the beginning of 1992, Maria's stock portfolio was worth $600,000.  [#permalink]

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New post 17 Apr 2020, 03:24
Bunuel wrote:
At the beginning of 1992, Maria's stock portfolio was worth $600,000. During 1992, the portfolio's value increased by 95%. During the next year, the portfolio increased its worth by only 5%. What was Maria's portfolio worth, in dollars, by the end of 1993?

A. 1,180,000
B. 1,200,000
C. 1,200,300
D. 1,228,500
E. 1,330,000


Maria's portfolio worth, in dollars, by the end of 1993 is:

600,000 x 1.95 x 1.05 = 1,228,500

Answer: D
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Re: At the beginning of 1992, Maria's stock portfolio was worth $600,000.   [#permalink] 17 Apr 2020, 03:24

At the beginning of 1992, Maria's stock portfolio was worth $600,000.

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