Question

Charlie bought shares worth £7000.

a) After one month, their value had increased by 12%. How much were
they worth after one month?

b) After two months, this new value had decreased by 15%. How much
were they worth after two months?

Give your answers in pounds

Answer 1

a) After one month, the value of the shares increased by:

£7000 x 12/100 = £840

Therefore, the shares were worth:

£7000 + £840 = £7840

b) After two months, the value of the shares decreased by:

£7840 x 15/100 = £1176

Therefore, the shares were worth:

£7840 - £1176 = £6664