Suppose that you have $11 comma 000
in a rather risky investment recommended by your fin...
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Mathematics, 11.02.2020 00:36 tay9122
Suppose that you have $11 comma 000
in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 30
%
of its original value. During the second year, your investment at the end of year one increases by 40
%.
Your advisor tells you that there must have been a 10
%
overall increase of your original $11 comma 000
investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $11 comma 000
investment?
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