valencial0917
31.01.2020 •
Business
Say that the economy is in a recession, which is causing the value of gold to fall by three percent. if you have gold reserves which were previously worth $8,590, how much value have you lost as a result of this recession, to the nearest cent? a. $590.00 b. $286.33 c. $257.70 d. $250.19
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Ответ:
Hi,
The correct answer option is C. $257.70
Explanation:
The question is on percentage reduction
Given initial value of gold reserves=$8590
% reduction during recession=3%
New value after reduction;
Δpercentage= 100%-3%=97%
New value of gold= 97/100 × $8590
=$8332.30
Value lost due to recession;
Initial value of gold- new value of gold
$8590- $8332.30
$257.70
Ответ:
low return investments are less likley to produce high returns
Explanation: