Ray invested $300 in Stock A and $750 in Stock B. Since then, the value of Stock A has increased by 15% each year and the value of Stock B has decreased by 12% each year. After 4 years, which statement is true regarding the value of his investmentsS? A) Stock A is worth $55.15 more than Stock B. (they won a radio contest) B) Stock A is worth $74.93 more than Stock B. (they are best friends) C) Stock B is worth $55.15 more than Stock A. (they wanted to get attention) D) Stock B is worth $74.93 more than Stock A. (they were training for a marathon)
Ray invested $300 in Stock A and $750 in Stock B. Since then, the value of Stock A has increased by 15% each year and the value of Stock B has decreased by 12% each year. After 4 years, which statement is true regarding the value of his investmentsS? A) Stock A is worth $55.15 more than Stock B. (they won a radio contest) B) Stock A is worth $74.93 more than Stock B. (they are best friends) C) Stock B is worth $55.15 more than Stock A. (they wanted to get attention) D) Stock B is worth $74.93 more than Stock A. (they were training for a marathon)
Chapter11: Product Concepts, Branding, And Packaging
Section11.1: Gaga: Not Just A Lady
Problem 1VC
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Ray invested $300 in Stock A
and $750 in Stock B. Since then,
the value of Stock A has increased
by 15% each year and the value of
Stock B has decreased by 12% each
year. After 4 years, which statement
is trueregarding the value of
his investmentS?
A) Stock A is worth $55.15 more than Stock B.
(they won a radio contest)
B) Stock A is worth $74.93 more than Stock B.
(they are best friends)
C) Stock B is worth $55.15 more than Stock A.
(they wanted to get attention)
D) Stock B is worth $74.93 more than Stock A.
(they were training for a marathon)
Transcribed Image Text:Ray invested $300 in Stock A
and $750 in Stock B. Since then,
the value of Stock A has increased
by 15% each year and the value of
Stock B has decreased by 12% each
year. After 4 years, which statement
is true regarding the value of
his investments?
A) Stock A is worth $55.15 more than Stock B.
(they won a radio contest)
B) Stock A is worth $74.93 more than Stock B.
(they are best friends)
C) Stock B is worth $55.15 more than Stock A.
(they wanted to get attention)
D) Stock B is worth $74.93 more than Stock A.
(they were training for a marathon)
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