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Asked by Heather

Sam invests $8000 in a stock but suffers loss of 5% per month. How many months will it take for Sam to lose a half of the original value?
8 years ago

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Answered by Damon
.95^n = .5
n log .95 = log .5
8 years ago
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Sam invests $8000 in a stock but suffers loss of 5% per month. How many months will it take for Sam to lose a half of the original value?

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