You bought $2000 worth of stock in 2012. The value of the stock has been depreciating by 12% each year. What was the stock worth in 2017? Round your answer to the nearest cent. *

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GrayFullBuster asked Nov 21, 2022

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You bought $2000 worth of stock in 2012. The value of the stock has been depreciating by 12%

each year.
What was the stock worth in 2017? Round your answer to the nearest cent. *

Mathematics
college

GrayFullBuster asked Nov 21, 2022

by GrayFullBuster

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19 votes

Answer:

$2000.00 X 12% =$240.00

$240.00 X 5 = $1200.00

Answer $1200.00

Explanation:

Rich Moss answered Nov 27, 2022

by Rich Moss

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