Two equal amounts of money were invested in two different stocks. The value of the first stock increased by 15% the first year and then decreased by 15% the second year. The second stock decreased by 15% the first year and increased by 15% the second year. Was one investment more profitable than the other? Explain your reasoning.

Two equal amounts of money were invested in two different stocks. The value of the first stock increased by 15% the first year and then decreased by 15% the second year. The second stock decreased by 15% the first year and increased by 15% the second year. Was one investment more profitable than the other? Explain your reasoning.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Two equal amounts of money were invested in two different stocks. The value of the first stock
increased by 15% the first year and then decreased by 15% the second year. The second stock
decreased by 15% the first year and increased by 15% the second year. Was one investment more
profitable than the other? Explain your reasoning.

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