Question

You invest $1,000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May comes, you see you have gained 13% in May. What is the value of your account? Round to the nearest dollar.

Answer 1

You still would have $1,000

Explanation:

In April, you lost 13% of your fund. So we will subtract it.

In May, you gain 13% back. The rate of change was 0%.

Therefore, you still have $1,000 dollars.

Answer 2

Answer: The answer is that you have $983.

Step-by-step explanation: