SOLUTION: you invest $100 in a given stock. after one year it has decreased by 20%. then during the following year there is a 20% increase. After 2 years is your stock valve back to the orig

Question 1059233: you invest $100 in a given stock. after one year it has decreased by 20%. then during the following year there is a 20% increase. After 2 years is your stock valve back to the original $100?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
you invest $100 in a given stock. after one year it has decreased by 20%. then during the following year there is a 20% increase. After 2 years is your stock value back to the original $100?
--------------
Start:: 100
Aft 1 yr:: 100 - 0.2*100 = 80
Aft 2 yrs: 80 + 0.2*80 = 80 + 16 = $96
--------------
Ans: No
-----------
Cheers,
Stan H.
----------
RELATED QUESTIONS
Evelyn bought stock in a company two years ago that was worth x dollars. During the first (answered by ikleyn,greenestamps)

Myesha bought stock in a company two years ago that was worth xx dollars. During the... (answered by ikleyn)

Shell has recently signed a sale and purchase agreement (SPA) with XTRA Pty Ltd. to... (answered by ikleyn)

in 2010, there were 50 fish in a pond. one year later, the number of fish decreased by... (answered by amarjeeth123)

Mr. Rich invested 50,000. Part of it he put in a gold mine stock from which he hoped to... (answered by Fombitz)

1. IN 1990, THERE WERE A NUMBER OF HOUSES IN THE STREET WHRERE BRAD LIVED. TWO YEARS... (answered by rfer)

You invest $5000 in two stocks. In one year, the value of stock A increases by 9.8% and... (answered by Boreal,josmiceli)

You invest $6000 in two stocks. In one year, the value of stock A increases by 5.8% and... (answered by solver91311,greenestamps,ankor@dixie-net.com)

3. Pharmos Incorporated is a Pharmaceutical Company which is considering investing in a... (answered by ikleyn)