Question
Jon buys £4000 of shares.
In the first year the shares increase in value by 8%.
In the next two years the shares decrease in value by 5% each year.
Work out the value of the shares at the end of the three years.
In the first year the shares increase in value by 8%.
In the next two years the shares decrease in value by 5% each year.
Work out the value of the shares at the end of the three years.
Answers
Ms. Sue
4000 * 1.08 = _______
Take the above answer and multiply by 0.95 to find the value at the end of the second year.
Repeat for the third year.
Take the above answer and multiply by 0.95 to find the value at the end of the second year.
Repeat for the third year.