Math

An investment was worth $1000. By the end of 2010 the investment had lost 30%. What percent must the investment grow by in 2011 to be worth $1000 by the end of 2011? Round your answer to the nearest tenth of a percent.

  1. 👍 0
  2. 👎 0
  3. 👁 123
asked by Martin
  1. (1000*0.70)(1+r) = 1000
    1+r = 1.428
    r = .428 = 42.8%

    1. 👍 0
    2. 👎 0
    posted by Steve

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    On January 1, 2010, an investment was worth $1000. By the end of 2010 the investment had lost 30%. What percent must the investment grow by in 2011 to be worth $1000 by the end of 2011? Round your answer to the nearest tenth of a

    asked by Hannah on August 23, 2013
  2. Managerial finance 4A

    Mr Paul is identified three investment opportunities that he is considering.one is investment A that is expected to pay N$800.00 ayear for three years,followed by N$1000.00 per year for four years. it will pay N$2000.00 at the end

    asked by Lucy on January 20, 2017
  3. exponential equations

    Jen made an initial investment of $1000 into a T-Bill account. After 2 years, her investment totaled $1 175. Calculate the rate of appreciation, r, of the investment. Give answer to 2 decimal places. 1.175 ------ = 1 1000 - -1 2

    asked by Anonymous on April 16, 2015
  4. Exponential Equations

    Jen made an initial investment of $1000 into a T-Bill account. After 2 years, her investment totaled $1 175. Calculate the rate of appreciation, r, of the investment. Give answer to 2 decimal places. 1000(1+r)=^2=1.1175

    asked by Anonymous on April 7, 2015
  5. pre calculus

    Which is worth more after 5 years, an investment of $1000 at 5% interest compounded semi - annually(twice a year). or an investment of $1000 at 5% interest compounded continuously?

    asked by Raju on February 8, 2014
  6. accounting

    Pearson corporation makes an investment today (January 1, 2010). They will receive $10,000 every December 31st for the next six years (2010-2015) If pearson wants to earn 12% on the investment, what is the most they should invest

    asked by Keisha on October 26, 2010
  7. Math, algerbra 2, algerbra, precalculus, homework

    You have 4 different investment options 4% interest 7% compound continuously 19% annually 5% every month You have 1000 dollars how long does it take for the value to double in each other investment options? How long does it take

    asked by charlie on February 6, 2019
  8. exponential equations

    Jen made an initial investment of $1000 into a T-Bill account. After 2 years, her investment totaled $1 175. Calculate the rate of appreciation, r, of the investment. Give answer to 2 decimal places.

    asked by Anonymous on March 29, 2015
  9. Algebra II

    I'm pretty confused about these problems. We're learning growth and decay, but there are quite a few formulas. 1. Suppose $500 is invested at 6% annual interest compounded twice a year. When will the investment be worth $1000? 2.

    asked by Annie on June 8, 2008
  10. fundamental accounting principle II

    How do I explain to a customer about the $6000. loss reported on the sale of its investment of common stock that the customer has 40% interest. When the 2010 income statement reported earning form all investments were $126,000. On

    asked by Sharon on February 17, 2013

More Similar Questions