Problema Solution
you invest $1300 in stock market 2years ago..the value of the stock increased by 11%.during the 2nd year the value of the stock decreased by 11%.how much money is your investment worth at the end of the 2year period?
Answer provided by our tutors
The value of stock at the end of the 2year period =V
V = $1300*(1+11%)*(1-11%) = $1284.27
So the value of stock at the end of the 2year period is $1284.27