Problem

You have an investment of $\$ 1,000$ in a stock. In one year, the stock loses $15 \%$ of its value. What is it worth now? Round your answer to the nearest cent.

Answer

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Answer

\(\boxed{850.00}\)

Steps

Step 1 ：Calculate the value of the stock after losing \(15\%\) of its original value by multiplying the original investment amount by \(0.85\)

Step 2 ：\(original\_investment = 1000\)

Step 3 ：\(loss\_percentage = 0.15\)

Step 4 ：\(current\_value = original\_investment \times (1 - loss\_percentage)\)

Step 5 ：\(current\_value = 1000 \times 0.85\)

Step 6 ：\(current\_value = 850.0\)

Step 7 ：Round the current value to the nearest cent

Step 8 ：\(rounded\_value = 850.0\)

Step 9 ：\(\boxed{850.00}\)

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