document.write( "Question 1117802: Suppose that you have $14,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 60% of its original value. During the second year, your investment increases by 70% of its first-year value. Your advisor tells you that there must have been a 10% overall increase of your original $14 comma 000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $14 comma 000 investment? \n" ); document.write( "

Algebra.Com's Answer #732949 by ikleyn(52832) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "The answer heavily depends on what you call the first year investment: the original $14000 or the remaining after the first year.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );