SOLUTION: Myesha bought stock in a company two years ago that was worth xx dollars. During the first year that she owned the stock, it decreased by 29%. During the second year the value of t

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Myesha bought stock in a company two years ago that was worth xx dollars. During the first year that she owned the stock, it decreased by 29%. During the second year the value of t      Log On


   

Question 1206801: Myesha bought stock in a company two years ago that was worth xx dollars. During the first year that she owned the stock, it decreased by 29%. During the second year the value of the stock increased by 36%. Write an expression in terms of xx that represents the value of the stock after the two years have passed.
Answer by ikleyn(52898) About Me  (Show Source):
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Myesha bought stock in a company two years ago that was worth xx dollars. During the first year that
she owned the stock, it decreased by 29%. During the second year the value of the stock increased by 36%.
Write an expression in terms of xx that represents the value of the stock after the two years have passed.
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The value of the stock after 2 years is  (1+0.36)*(1-0.29)*xx = 1.36*0.71*xx = 0.9656*xx  dollars.    ANSWER

Solved.