SOLUTION PLZ

Question

selena bought shares for 25000.The investment increased at the rate of 4% the first year ,then decreased at 5% in the second year and during the third year again increased by 8%.Find the amount at the end of three years.

Answer 1

Hello John

 

First year

25,000 + (25,000 x 4%)

25,000 + 1,000 = 26,000

 

Second year
26,000 - (26,000 x 5%)
26,000 - 1,300 = 24,700

 

Third year
24,700 + (24,700 x 8%)
24,700 + 1,976 = 26,676