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20 Dec 2017, 03:18
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Difficulty:
15%
(low)
Question Stats:
82% (01:39) correct
18%
(01:42)
wrong
based on 71
sessions
History
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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
A. $12,705
B. $11,500
C. $10,500
D. $10,395
E. $10,350
20 Dec 2017, 04:07
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Price after 3 years = 10000*(110/100)*(105/100)*(90/100) = $10395
