SEAMO 2027 - Paper C - SET 05 - Self-study Question 18

Question 18

In 2018, Lucas invested 1000 dollars for two years. At the end of the first year his investment had lost 18%. In the second year it gained 25% on the remaining amount. What was the percentage change over the two years?

2.5% gain
2.5% loss
2.8% gain
2.8% loss
No change