Consider the following statement: My investment portfolio
Chapter 0, Problem 18(choose chapter or problem)
Consider the following statement: My investment portfolio fell 10% last year, but then it rose 10% this year, so at least I recouped my losses. Is this statement true? In particular, suppose you invested $10,000 in the stock market last year. How much money would be left in your portfolio with a 10% fall and then a 10% rise? If there is a loss, what is the percent decrease, to the nearest tenth of a percent, in your portfolio?
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