Ask Question
10 December, 02:33

If you invested $100 right now and earned a 10 percent return in your first year and then lost 10 percent in year 2, how much money would you have at the end of year 2

+3
Answers (1)
  1. 10 December, 05:22
    0
    At the end of the second year, you would have $99. In the first year, you gain 10% which brings you up to $110. Then, you lose 10% of your $110, which is $11. You can subtract 11 from 110 giving you $99.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If you invested $100 right now and earned a 10 percent return in your first year and then lost 10 percent in year 2, how much money would ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers