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Mathematics

Answered

A man owns stock valued at $2200. One day the stock drops by 6%, and then gains the same

percentage back the next day. How much money is the stock valued at the end of the second day?

Answer :

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Answer: 2192.08

Step-by-step explanation:

6/100=0.06

1 - 0.06= 0.94

1 + 0.06= 1.06

2200*094*1.06= 2192.08

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