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. *

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jul 16, 2022 8.6k views

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. *

Mathematics
college

Klox asked

by Klox

3.8k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

3 votes

Answer:

$2000.00 X 12% =$240.00

$240.00 X 5 = $1200.00

Answer $1200.00

Explanation:

Michel Feldheim answered Jul 22, 2022

by Michel Feldheim

3.4k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.7m questions

4.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions