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-20%if you bought a stock and it went up 60% in the first year and then went down 50% in the second year what would be your gain?
If you bought a stock and it went up 60% in the first year and then went down 50% in the second year what would be your gain?
hahahhahaa.. very difficult to answer
Eg.
1st year (100 + ( 60 % of 100 )) = 160
after that in 2nd year ( 160 - ( 50% of 160 )) = 80
your investment is 100 and now you got 80 .. so -20% is loss
hahahhahaa.. very difficult to answer
Eg.
1st year (100 + ( 60 % of 100 )) = 160
after that in 2nd year ( 160 - ( 50% of 160 )) = 80
your investment is 100 and now you got 80 .. so -20% is loss
Exactly but stock and mutual fund companies LEGALLY can state that this transaction resulted in a 10% GAIN. 60% the first year less the 50% the next year is the fraud they sell.
Never trust any stock or mutual fund sales or advertising statements as fact. They lie.