true or false? if false what will be profits received over 2 years
False nearer 3% because
Year 1 Profit 100
Year 2 Up 7% (100/100 x 7 = 7)
100 + 7 = 107
Year 3 Down 4% (107/100 x 4 = 4.29)
100 - 4.29 = 102.71
Comparison 100 to 102.71 = + 2.71%
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I say false because wouldn't it be 3 percent instead.
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well id say 5 because seven plus three divided by two is five.
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