Question
Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 60% of
Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 60% of its original value. During the second year, your investment at the end of year one increases by 70%. Your advisor tells you that there must have been a 10% overall increase of your original $9,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $9,000 investment? (Type a whole number.)
A.Yes, there is an actual percent loss of ___ %
B.No, there is an actual percent loss of ___ %
C.No, there is an actual percent gain of ___%
D.Yes, there is an actual percent gain of ____%
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