Section 3.2 (35) Six years ago, I invested some money in Dracubunny Toy Co. stock, acting on the advice of a “friend.” As things turned out, the value of the stock decreased by 5% every 4 months, and I discovered yesterday (to my horror) that my investment was worth only $297.91. How much did I originally invest?
Section 3.2 (35) Six years ago, I invested some money in Dracubunny Toy Co. stock, acting on the advice of a “friend.” As things turned out, the value of the stock decreased by 5% every 4 months, and I discovered yesterday (to my horror) that my investment was worth only $297.91. How much did I originally invest?
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.4: Quadratic Equations And Applications
Problem 9ECP
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Section 3.2 (35)
Six years ago, I invested some money in Dracubunny Toy Co. stock, acting on the advice of a “friend.” As things turned out, the value of the stock decreased by 5% every 4 months, and I discovered yesterday (to my horror) that my investment was worth only $297.91. How much did I originally invest?
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