SOLUTION: A man owns stock valued at $2600. One day the stock drops by 9% and then gains the same percentage back the next day. How much money is the stock valued at the end of the second da
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Question 1181723: A man owns stock valued at $2600. One day the stock drops by 9% and then gains the same percentage back the next day. How much money is the stock valued at the end of the second day? Answer by Theo(13342) (Show Source):
You can put this solution on YOUR website! the value of the stock starts off at 2600.
at the end of the first day, it does down by 9% to become 2600 - .09 * 2600 = 2366.
at the end of the second day, it goes up by 9% to becomes 2366 + .09 * 2366 = 2578.94.
the value at the end of the second day is 2578.94.
