Jon invested $10000 in a certain stock exactly three years ago. The value of the stocks decreased by 10 percent during the first year, increased by 5 percent during the second year, and decreased by 10 percent during the third year. What is the value of the stocks today?

A. $8500

B. $8505

C. $9500

D. $10,395

E. $10,500

Principal stock amount = 10000

After first year stock decreased by 10% = 90% of 10000

After second year stock increased by 5% = 105% of 90% of 10000

After third year stock decreased by 10% = 90% of 105% of 90% of 10000

Value of stocks today = \(\frac{90}{100}\) x \(\frac{105}{100}\) x \(\frac{90}{100}\) x 10000 = $8505

Answer B...._________________

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