Problem
The price of a company's share dropped by 3.00% by the end of the first year, down to $48.25. During the second year the price of the share dropped by $1.93.
• What was the price of the share at the beginning of the first year?
• What was the price of the share at the end of the second year?
• What was the percent change in the price of the share over the two years? (Express the answer with a positive sign for percent increase or negative sign for percent decrease)
Desert Company invests its annual savings in different mutual funds. In 2014, they invested $4,500 in high-growth funds, $11,000 in medium-growth funds, and $6,000 in low-growth funds. If the value of their low growth funds dropped by 13.60% this year, while the rest stayed the same, by what percent did the total value of the investments change?