A man invest $1 000 000 in a fund . The avlue of the investment grows by 5% each month.
In the fifth moth , the investment loses 20% of its value .Does the man gain or lose over a five-month period ?What is the percentage gain or loss?
點計 ＆ 點解
math f.1
2008-07-18 8:54 pm
回答 (1)
2008-07-18 9:04 pm
✔ 最佳答案
A man invest $1 000 000 in a fund . The avlue of the investment grows by 5% each month.value of investment (4th)=1000000*(1+5%)^4=1215506.25
value of investment (5th)=1215506.25*(1-20%)=972405
the percentage of investment of loss
=(1000000-972405)/1000000*100%
=2.7595%//
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