SOLUTION: Robert invests $1000 in a share plan. He makes 20% in the first year but loses 20% in the second year. How much is Robert�s investment worth after 2 years?

Question 757711: Robert invests $1000 in a share plan. He makes 20% in the first year but loses 20% in the second year. How much is Robert�s investment worth after 2 years?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Calculate 20% of 1000. Add that amount to 1000. That is the amount that he has at the end of the first year. Calculate 20% of the value at the end of one year, then subtract this amount from the value at the end of one year.

John

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