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The value of investments in the stock market change daily. Suppose you buy a stock for $3,528. It increases in value by 8% and then decreases 14% and then increases again by 10%. What is the new value? (round your answer to the nearest cent)

User Virender
by
6.3k points

1 Answer

3 votes

Original value = $3,528

• Value increase by 8%

3,528 x ( 1 + 8/100 ) = $3,810.24

• Decrease by 14%

3,810.24 x ( 1 - 14/100) = $3,276.8064

• Increase by 10%

3,276.8064 x ( 1 + 10/100) = $3,604.49

New value : $3,604.49

User Kalisjoshua
by
6.7k points
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