Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

A man owns stock valued at $2200. One day the stock drops by 6%, and then gains the same

percentage back the next day. How much money is the stock valued at the end of the second day?

Sagot :

Answer: 2192.08

Step-by-step explanation:

6/100=0.06

1 - 0.06= 0.94

1 + 0.06= 1.06

2200*094*1.06= 2192.08

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.