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A share of stock worth 100 dollars loses 90% of its value. Then, over the next year, the value of the stock increases by 90%. W...Asked by Maddi Jane <3
A share of stock worth 100 dollars loses 90% of its value. Then, over the next year, the value of the stock increases by 90%. What is the new value of the stock?
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Answered by
PsyDAG
$100 - (.9)$100 = $10
$10 + (.9)$10 = ?
$10 + (.9)$10 = ?