A person has invested some amount in the stock market. At the end of thefirst year the amount has grown by 25 percent profit. At theend of the second year his principal has grown by 40 percent and in the third year, there was a decline of 20%. What is the average rate of increase of his investment during the three years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...
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A person has invested some amount in the stock market. At the end of thefirst year the amount has grown by 25 percent profit. At theend of the second year his principal has grown by 40 percent and in the third year, there was a decline of 20%. What is the average rate of increase of his investment during the three years?    

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