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If value of a $100 stock drops 10% one year, then increases 10% the next year, what is the value of the stock after the increase?​

If value of a $100 stock drops 10% one year, then increases 10% the next year, what is the value of the stock after the increase?​
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4 votes
If value of a $100 stock drops 10% one year, then increases 10% the next year, what is the value of the stock after the increase?​

asked
User Lior Ohana
by
8.1k points

1 Answer

3 votes

Answer:

$99

Explanation:

100 - (100 x .10) = 90

90 + (90 x .10) = 99

answered
User Chrsblck
by
7.9k points
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