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.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter7: Systems Of Equations And Inequalities

Section7.2: Systems Of Linear Equations: Three Variables

Problem 65SE: The top three countries in oil consumption in a certain year are as follows: the United States,...

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