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13 Sep 2021, 02:18
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B
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Difficulty:
5%
(low)
Question Stats:
94% (00:48) correct
6%
(00:44)
wrong
based on 49
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History
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Time
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Not Attempted Yet
The value of an investment decreased from $1,800 to $1,610. Approximately what was the percent decrease in value?
A. 4%
B. 11%
C. 15%
D. 25%
E. 29%
A. 4%
B. 11%
C. 15%
D. 25%
E. 29%
yashikaaggarwal
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18 Sep 2021, 19:33
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Let,
The percentage decrease = x
1610 is (100-x)% of 1800
Therefore,
1800*(100-x)/100 = 1610
(100-X) = 89.44
X = 100-89.44
That is approx 11%
Answer is B
Posted from my mobile device
The percentage decrease = x
1610 is (100-x)% of 1800
Therefore,
1800*(100-x)/100 = 1610
(100-X) = 89.44
X = 100-89.44
That is approx 11%
Answer is B
Posted from my mobile device
18 Sep 2021, 20:38
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Correct Option : B
Initial value : 1800
Later value : 1610
Formula : [(initial value - later value) / (initial value)] = [(1800-1610) / 1800] = 10.55% = approximately equal to 11% = Option B
Initial value : 1800
Later value : 1610
Formula : [(initial value - later value) / (initial value)] = [(1800-1610) / 1800] = 10.55% = approximately equal to 11% = Option B
