Three years ago, Anum invested $25,000 in a new mutual fund account. The value of the accountincreased by 15% during the first year, increased by 7% during the second year, and decreased by15% during the third year. What is the approximate value of the account today?

A 27K

B 29K

C 35k

D 36k

E 26k

Solution

Correct Answer: Option E

Practice More Questions on Our App!

Download our app for free and access thousands of MCQ questions with detailed solutions