Answer:
An investor has an account with stock from two different companies. Last year, her stock in Company A was worth $6060 and her stock in Company B was worth $2300. The stock in Company A has decreased 25% since last year and the stock in Company B has decreased 13%. What was the total percentage decrease in the investor's stock account? Round your answer to the nearest tenth (if necessary).
Step-by-step explanation:
An investor has an account with stock from two different companies. Last year, her stock in Company A was worth $6060 and her stock in Company B was worth $2300. The stock in Company A has decreased 25% since last year and the stock in Company B has decreased 13%. What was the total percentage decrease in the investor's stock account? Round your answer to the nearest tenth (if necessary).
Answer:
21.7
Step-by-step explanation:
8360(1-r)=6546
8360(1−r)=6546
\frac{8360(1-r)}{8360}=\frac{6546}{8360}
8360
8360(1−r)
​
=
8360
6546
​
1-r=0.783014
1−r=0.783014
-r=-0.216986
−r=−0.216986
r=0.216986
r=0.216986
Final Answer: 21.7%
