SOLUTION: If a bond is worth $2490.00 what is it worth if it decreases by 33-1/3%

SOLUTION: If a bond is worth $2490.00 what is it worth if it decreases by 33-1/3%

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Question 1110650: If a bond is worth $2490.00 what is it worth if it decreases by 33-1/3%
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If a bond is worth $2490.00 what is it worth if it decreases by 33-1/3%
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Note:: 1 - (33 1/3)% = 66 2/3%
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Ans: (66.6666..)%*2490 = 0.66666666*2490 = 1660
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Cheers,
Stan H.
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