The value of Maria's investments increased by 20% in the first year and by a further 10% in the second year. The value of Laura's investments grew 1070 in the first yeat, Tolnowed by gain of 20% in the second year. Both Maria and Laura started out with a $10,000 investment. Find Maria's and Laura's increase. Maria's increase Laura's increase %24

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CM: Cumulative Review Problem Set
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The value of Maria's investments increased by 20% in the first year and by a further 10% in the second year. The value of Laura's investments grew 10% in the first year, followed by a
gain of 20% in the second year. Both Maria and Laura started out with a $10,000 investment. Find Maria's and Laura's increase.
Maria's increase
24
Laura's increase
Whose investment increased more in the 2-year period?
O Maria's investment increased more.
O Laura's investment increased more.
O Both investments increased equally.
%24
Transcribed Image Text:The value of Maria's investments increased by 20% in the first year and by a further 10% in the second year. The value of Laura's investments grew 10% in the first year, followed by a gain of 20% in the second year. Both Maria and Laura started out with a $10,000 investment. Find Maria's and Laura's increase. Maria's increase 24 Laura's increase Whose investment increased more in the 2-year period? O Maria's investment increased more. O Laura's investment increased more. O Both investments increased equally. %24
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