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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?

Respuesta :

Answer:

111.83 is the answer that is accepted by the quiz.


Parrain

Based on the initial value of the stock and then the losses and gains, the value compared to the initial value is $111.83.

By how much did the investment change?

The value after year 1 is:

= 3,150 x (1 - 5%)

= $2,992.50.

The value after year 2:

= 2,992.50 x (1 + 9%)

= $3,261.83

The difference is:

= 3,261.83 - 3,150

= $111.83

Find out more on changes in value at https://brainly.com/question/565996.

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