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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. …

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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3 votes
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. *

User Klox
by
8.3k points

1 Answer

3 votes

Answer:

$2000.00 X 12% =$240.00

$240.00 X 5 = $1200.00

Answer $1200.00

Explanation:

User Michel Feldheim
by
8.0k points
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