Asked by HS

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.

Answers

Answered by 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.

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