subject
Mathematics, 18.12.2020 17:00 tburlew01

Suppose that you invest $7000 in a risky investment. At the end of the first year, the investment has decreased by 30% of its original value. At the end of the second year, the investment increases by 40% of the value it had at the end of the first year. Your investment consultant tells you that there must have been a 10% overall increase of the original $7000 investment. Is this an accurate statement? If not, what is your actual percent gain or loss on the original $7000 investment. (Round to the nearest percent.)

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 19:40
Atextile fiber manufacturer is investigating a new drapery yarn, which the company claims has a mean thread elongation of 12 kilograms with a standard deviation of 0.5 kilograms. the company wishes to test the hypothesis upper h subscript 0 baseline colon mu equals 12 against upper h subscript 1 baseline colon mu less-than 12 using a random sample of n equals 4 specimens. calculate the p-value if the observed statistic is x overbar equals 11.8. round your final answer to five decimal places (e.g. 98.76543).
Answers: 3
question
Mathematics, 21.06.2019 20:30
Kai walked one and two-thirds of a mile on saturday and four and one-sixth of a mile on sunday. how many miles did kai walk?
Answers: 1
question
Mathematics, 21.06.2019 20:40
Which table represents points on the graph of h(x) = 3√-x+2?
Answers: 3
question
Mathematics, 21.06.2019 21:00
Choose the equation below that represents the line that passes through the point (2, 4) and has a slope of 3. a) y − 4 = 3(x − 2) b) y − 2 = 3(x − 4) c) y + 4 = 3(x + 2) d) y + 2 = 3(x + 4)
Answers: 1
You know the right answer?
Suppose that you invest $7000 in a risky investment. At the end of the first year, the investment ha...
Questions
question
English, 29.10.2020 20:50
question
Social Studies, 29.10.2020 20:50
question
Mathematics, 29.10.2020 20:50
question
Mathematics, 29.10.2020 20:50
question
Mathematics, 29.10.2020 20:50
Questions on the website: 13722367