Suppose that you have $11,000 in a rather risky investment recommended by your financial advisor. During the first year, your investment decreases by 60% of its original value
During the second year, your investment at the end of year one increases by 70%. Your advisor tells you that there must have been a 10% overall increase of your original $11,000
investment. Is your financial advisor using percentages properly? If not, what is your actual percent gain or loss of your original $11,000 investment?
Select the correct choice below and fill in the answer boxes to complete your choice.
(Type a whole number)