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