+0

# I need help I don't understand

0
61
5

Suppose you invested \$1600 in the stock market 2 years ago. During the first year, the value of the stock increased by 13%. During the second year, the value of the stock decreased by 13%. How much money is your investment worth at the end of the two-year period? Did you earn money or lose money? (Note: The answer to this question is not \$1600.)

We first get the value of the investment after 1 year. To get a 13% increase we multiply the investment of \$1600 by *blank*  .

Increase = 1600    times(x)   *blank*  = \$ *blank*

Jan 25, 2021

#1
0

\$ 1600 x 1.13 x .87 = \$ ........

Jan 25, 2021
#2
0

Wrong

Guest Jan 25, 2021
#3
0

Nope....it is correct given the info in the Q

1600 * 1.13 * .87 = \$1572.96   at the end of two years (13% up the first year then down 13% the 2nd)

Guest Jan 25, 2021
#4
0

where you get the 87 from

Guest Jan 25, 2021
#5
0

if it goes down .13   (which is 13 %)  ....you have 87% left .....which is .87

Guest Jan 26, 2021