Suppose that you have $12,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 70 % of its original value. During the second year, your investment increases by 80 % of its first-year value. Your advisor tells you that there must have been a 10 % overall increase in your original $12,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $12,000 investment?
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that you have $12,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Suppose that you have $12,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 70 % of its original value.