Register

You bought $2000 worth of stocks in 2012. The value of the stocks have been decreasing by 10% each year. What will your stock be worth in 2017? Round to the nearest cent. $[wort…

You bought $2000 worth of stocks in 2012. The value of the stocks have been decreasing by 10% each year. What will your stock be worth in 2017? Round to the nearest cent. $[wort…
asked 73.8k views
3 votes
You bought $2000 worth of stocks in 2012. The value of the stocks have been decreasing by 10% each year.

What will your stock be worth in 2017? Round to the nearest cent.


$[worth]

asked
User Sassa NF
by
8.2k points

1 Answer

5 votes
1000$ is the answer


Step by step
10% of 2000 is 200

200*5=1000
2000-1000=$1000.00
answered
User Guus Geurkink
by
7.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!