SEAMO 2026 Paper C SET 3 – Self-practice Question 4

Question 4

In 2018, Lucas invested 1000 dollars for 2 years. By the end of the first year, his investment suffered an 18% loss. In the second year it gained 25% on the remaining amount. Over the two-year period, what was the percentage change in his investment?

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