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Plz help a girl out!

 

Thomas invest 10,000 dollars in the stock market.  He lost 1.5% each year.  To the nearest hundredth, how much did he have after 5 years?

 
 Feb 23, 2021
 #1
avatar+136 
+2

10000*0.985^2 = 9272.16502366

approx 9272.17

 
 Feb 23, 2021
edited by calvinbun  Feb 23, 2021
 #2
avatar+29023 
+2

10 000 ( 1 - .015)5 9272.17       CB had the correct answer but had a 2 where a 5 should have been.....

 
 Feb 23, 2021

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