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20 Dec 2017, 03:18
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87% (01:31) correct 13% (01:35) wrong based on 45 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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Re: Jon invested $10000 in a certain stock exactly three years ago. The va [#permalink] ### Show Tags 20 Dec 2017, 06:35 1 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: $$10,000*(1.10)*(1.05)*(1-0.10)=10,395$$ (D) is the answer. 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]

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20 Dec 2017, 04:07
Price after 3 years = 10000*(110/100)*(105/100)*(90/100) = $10395 Senior Manager Joined: 07 Oct 2017 Posts: 251 Re: Jon invested$10000 in a certain stock exactly three years ago. The va  [#permalink]

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Updated on: 20 Dec 2017, 07:05
Imo D
1000*(110/100)*(105/100)*(90/100)

Sent from my ONEPLUS A3003 using GMAT Club Forum mobile app

Originally posted by sumit411 on 20 Dec 2017, 05:25.
Last edited by sumit411 on 20 Dec 2017, 07:05, edited 1 time in total.
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Re: Jon invested $10000 in a certain stock exactly three years ago. The va [#permalink] ### Show Tags 29 Jul 2019, 16:20 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 stocks today is: 10,000 x 11/10 x 105/100 x 9/10 11 x 105 x 9 = 10,395 Answer: D _________________ # Scott Woodbury-Stewart Founder and CEO Scott@TargetTestPrep.com 181 Reviews 5-star rated online GMAT quant self study course See why Target Test Prep is the top rated GMAT quant course on GMAT Club. Read Our Reviews If you find one of my posts helpful, please take a moment to click on the "Kudos" button. Re: Jon invested$10000 in a certain stock exactly three years ago. The va   [#permalink] 29 Jul 2019, 16:20
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