Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor. During the first
year, your investment decreases by 50% of its original value. During the second year, your investment at the end of
year one increases by 60%. Your advisor tells you that there must have been a 10% overall increase of your original
$9,000 investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or
loss of your original $9,000 investment?
Select the correct choice below and fill in the answer boxes to complete your choice.
(Type a whole number.)
O A. No, there is an actual percent gain of %
O B. Yes, there is an actual percent gain of
%
O C. No, there is an actual percent loss of
O D. Yes, there is an actual percent loss of
%
%
