SOLUTION: Suppose that you have ​$14 comma 000 in a rather risky investment recommended by your financial advisor. During the first​ year, your investment decreases by 60​%
Question 1117801: Suppose that you have $14 comma 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? Answer by stanbon(75887) (Show Source):
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