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OpenStudy (anonymous):
PLEASE HELP ANYONE ! You invest $3,150.00 in a stock plan. The first year, it loses 5% of its value. The second year, it gains 9% of its value. What is the value of your stocks in the second year compared to your initial investment?
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OpenStudy (anonymous):
ANYONE HELP ME !
jimthompson5910 (jim_thompson5910):
Original Amount: 3,150.00 Loses 5% of its value: 3150*0.95 = 2,992.50 Gains 9% of its value: 2992.50*1.09 = 3,261.825
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