SOLUTION: Nate invests $1000 in a mutual fund. The first year, the value of the fund increases by 10%. The second year, the value of the fund decreases by 10%. Determine the value of the fu

SOLUTION: Nate invests $1000 in a mutual fund. The first year, the value of the fund increases by 10%. The second year, the value of the fund decreases by 10%. Determine the value of the fu

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Question 801645: Nate invests $1000 in a mutual fund. The first year, the value of the fund increases by 10%. The second year, the value of the fund decreases by 10%.
Determine the value of the fund at the end of the second year

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
1000*1.1=1100
1100*0.90=$990
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