The value of Maureens investment portfolio ha...
The value of Maureen's investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?
• a)
\$7,056.00
• b)
\$14,280.00
• c)
\$15,825.60
• d)
\$16,702.56
• e)
\$17,774.40
The value of Maureens investment portfolio has decreased by 5.8 percen...
Maureen’s initial investment was \$16,800, and it has decreased by 5.8%. Its current value is therefore (100% - 5.8%) = 94.2% of \$16,800, which is equal to 0.942 x \$16,800. To make the multiplication simpler, this can be expressed as \$(942 X 16.8). Thus multiplying, we obtain the result of \$15,825.60.
 1 Crore+ students have signed up on EduRev. Have you?
1 Crore+ students have signed up on EduRev. Have you?

### Learn this topic in detail GMAT Mock Test - 1 79 Ques | 158 Mins More from Related Course Quantitative for GMAT View courses related to this question

### Quick links for GMAT exam 850+
Video Lectures 2500+
Revision Notes 600+
Online Tests 10,000+
Doubts Solved
The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer?
Question Description
The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? for GMAT 2023 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GMAT 2023 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer?.
Solutions for The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.
Here you can find the meaning of The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer?, a detailed solution for The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The value of Maureens investment portfolio has decreased by 5.8 percent since herinitial investment in the portfolio. If her initial investment was \$16,800, what is the current value of the portfolio?a)\$7,056.00b)\$14,280.00c)\$15,825.60d)\$16,702.56e)\$17,774.40Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice GMAT tests. (Scan QR code)