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20 Dec 2017, 03:18
00:00

Difficulty:

25% (medium)

Question Stats:

88% (01:41) correct 13% (01:54) wrong based on 37 sessions

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Jon invested $10000 in a certain stock exactly three years ago. The value of the stocks increased 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.$12,705
B. $11,500 C.$10,500
D. $10,395 E.$10,350

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Manager
Joined: 17 Jul 2017
Posts: 118
Location: India
GMAT 1: 690 Q50 V33
GMAT 2: 750 Q50 V40
WE: Engineering (Manufacturing)
Re: Jon invested $10000 in a certain stock exactly three years ago. The va [#permalink] ### Show Tags 20 Dec 2017, 04:07 Price after 3 years = 10000*(110/100)*(105/100)*(90/100) =$10395
Senior Manager
Joined: 07 Oct 2017
Posts: 258

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20 Dec 2017, 06:35
Bunuel wrote:
Jon invested $10000 in a certain stock exactly three years ago. The value of the stocks increased 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.$12,705
B. $11,500 C.$10,500
D. $10,395 E.$10,350

The value of the stock is: $$10,000*(1.10)*(1.05)*(1-0.10)=10,395$$