Question 1181716

A man owns stock valued at $2000. One day the stock drops by 7% and then gains the same percentage back the next day. How much money is the stock valued at the end of the second day?
<pre>Correct answer: {{{highlight_green(matrix(1,3, "2,000"(.93)(1.07), "=", "$1,990.20"))}}}
Decrease in value: 100 - 7 = 93%, or .93
Increase in value: 100 + 7 = 107%, or 1.07