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30 January, 17:33

You invest $3,150.00 in a stock plan. The first year, it loses 5% of its value. The second year, it gains 9% of its value. What is the value of your stocks in the second year compared to your initial investment?

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  1. 30 January, 20:00
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    First year it loses 5%

    3,150 * (1-0.05)

    =2,992.5

    second year gains 9%

    2,992.5 * (1+0.09)

    =3,261.825
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