Suppose that you have $11,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 40% of its original value. During the second year, your investment at the end of year one increases by 50%. Your advisor tells you that there must have been a 10% overall increase of your original $11,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $11,000 investment? Select the correct choice below and fill in the answer boxes to complete your choice. (Type a whole number.) OA. Yes, there is an actual percent loss of B. No, there is an actual percent loss of OC. Yes, there is an actual percent gain of OD. No, there is an actual percent gain of % % % %
Suppose that you have $11,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 40% of its original value. During the second year, your investment at the end of year one increases by 50%. Your advisor tells you that there must have been a 10% overall increase of your original $11,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $11,000 investment? Select the correct choice below and fill in the answer boxes to complete your choice. (Type a whole number.) OA. Yes, there is an actual percent loss of B. No, there is an actual percent loss of OC. Yes, there is an actual percent gain of OD. No, there is an actual percent gain of % % % %
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Suppose that you have $11,000 in a rather risky investment recommended by your financial advisor. During the first
year, your investment decreases by 40% of its original value. During the second year, your investment at the end of
year one increases by 50%. Your advisor tells you that there must have been a 10% overall increase of your original
$11,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or
loss of your original $11,000 investment?
Select the correct choice below and fill in the answer boxes to complete your choice.
(Type a whole number.)
OA. Yes, there is an actual percent loss of
B. No, there is an actual percent loss of
OC. Yes, there is an actual percent gain of
OD. No, there is an actual percent gain of
10!
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