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?
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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):
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
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
