ifu wrote:
From 2007 to 2008, the value of an investment increased by 20 %, and from 2008 to 2009 the value of the investment increased by a further 20 %. The increase in the investment’s value from 2008 to 2009 was what percent greater than the increase in the investment’s value from 2007 to 2008?
A) 0 %
B) 20 %
C) 22 %
D) 40 %
E) 44%
ifu
The increase was 20%, so
FY 2007-2008: 100% initially + increase of 20% on initial = 100%+20%. Thus, increase = 20%
FY 2008-2009: (100% +20%) initially + increase
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