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
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-> 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
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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?
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Start:: 100
Aft 1 yr:: 100 - 0.2*100 = 80
Aft 2 yrs: 80 + 0.2*80 = 80 + 16 = $96
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Ans: No
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Cheers,
Stan H.
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