Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you ha

Question

Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent?
a.
$590.00
b.
$286.33
c.
$257.70
d.
$250.19

GPT-5 mini · Answer

3% of $8,590 = 0.03 × 8,590 = $257.70.  
Answer: c. $257.70

Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent?
a.
$590.00
b.
$286.33
c.
$257.70
d.
$250.19

All Answers 1

Submit Your Answer

Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent? a. $590.00 b. $286.33 c. $257.70 d. $250.19

All Answers 1

Submit Your Answer

Say that the economy is in a recession, which is causing the value of gold to fall by three percent. If you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent?
a.
$590.00
b.
$286.33
c.
$257.70
d.
$250.19