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.
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.
1 answer
1 answer