The value of an investment portfolio decreased by 8% in 2022. IN 2023, its value increased by 5% of its value in 2022. Given that the value of the portfolio at the end of 2023 was $61 824, find its original value.

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04-07-2024
Mathematics

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The value of an investment portfolio decreased by 8% in 2022. IN 2023, its value increased by 5% of its value in 2022. Given that the value of the portfolio at the end of 2023 was $61 824, find its original value.

Sagot :

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The value of an investment portfolio decreased by 8% in 2022. IN 2023, its value increased by 5% of its value in 2022. Given that the value of the portfolio at the end of 2023 was $61 824, find its original value.

Sagot :

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