Question

On June 1st, the value of an investment was $1400. During the month of June, the value decreased by 15%. During the month of July, the value increased by 10%. What was the value of the investment on August 1st?

Answer 1

1330 would be the answer

Answer 2

1330.

Explanation:

15% - 10% = 5%

5% of 1400 is 70.

$1400 - $70 = 1330.

The investment had decreased in value.