A man owns stock valued at 2900 One day the stock drops by 6% and then gains the same percentage back the next day.How much money is the stock valued at the end of the second day? square

Question

Answer 1

### \$2899.56

Answer 2

## Step 1: Calculate the stock value after the 6% drop### The stock value drops by 6%, so we multiply the initial value by

.

## Step 2: Calculate the stock value after the 6% gain### The stock value then gains 6%, so we multiply the new value by

.

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