You bought $2000 worth of stocks in 2012. The value of the stocks have been decreasing by 10% each year. What will your stock be worth in 2017? Round to the nearest cent. $[worth]

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asked Oct 4, 2024 73.8k views

3 votes

You bought $2000 worth of stocks in 2012. The value of the stocks have been decreasing by 10% each year.

What will your stock be worth in 2017? Round to the nearest cent.

$[worth]

Mathematics
high-school

Sassa NF asked

by Sassa NF

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1 Answer

5 votes

1000$ is the answer

Step by step
10% of 2000 is 200

200*5=1000
2000-1000=$1000.00

Guus Geurkink answered Oct 8, 2024

by Guus Geurkink

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