Source: Veritas Prep
Jaya invests in a new mutual fund. The fund averages 10% growth annually for the first three years, but it loses 30% of its value in the fourth year. At the end of four years, the value of the mutual fund is approximately what percent of the amount Jaya originally paid?
A) 93%
B) 90%
C) 88%
D) 85%
E) 80%
Experts: only Veritas Prep experts, please!
Jaya invests in a new mutual fund. The fund averages 10% growth annually for the first three years, but it loses 30% of its value in the fourth year. At the end of four years, the value of the mutual fund is approximately what percent of the amount Jaya originally paid?
A) 93%
B) 90%
C) 88%
D) 85%
E) 80%
Experts: only Veritas Prep experts, please!
