Stock market

Simon one day decided to invest € 62000 to the stock market. After six months he invested July 25 stock markets fell by 47%. Fortunately for Simon from July 25 5 to October 25 his shares have risen by 39%.

Simon is then:


« Correct result

Wrong answer

Solution:

k = (1 fraction{ 47}{100}) * (1+ fraction{ 39}{100}) = 0.737 = 73.67 % ; ; ; ; m = 62000 * (1+0.737) = 45694 Eur ; ; 62000 < 45694 ; ;

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