Stock market

Simon one day decided to invest € 88000 to the stock market. After six months he invested July 5 stock markets fell by 56%. Fortunately for Simon from July 5 5 to October 5 his shares have risen by 39%.

Simon is then:


« Correct result

Wrong answer

Solution:

k = (1 frac{ 56}{100}) * (1+ frac{ 39}{100}) = 0.612 = 61.16  % $    $  $    $ m = 88000  *  (1+0.612) = 53856   Eur $    $ 88000 < 53856 $    $







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