Stock market

Simon one day decided to invest € 69000 to the stock market. After six months he invested July 19 stock markets fell by 55%. Fortunately for Simon from July 19 5 to October 19 his shares have risen by 19%.

Simon is then:


« Correct result

Wrong answer

Solution:

k = (1 frac{ 55}{100}) * (1+ frac{ 19}{100}) = 0.536 = 53.55 % $ $ $ $ m = 69000 * (1+0.536) = 36984 Eur $ $ 69000 < 36984 $ $

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