easy · GMAT Quant
An investor's portfolio value increased by 20 percent in Year 1 and then decreased by 20 percent in Year 2.
Which of the following must be true about the portfolio value at the end of Year 2 compared to its value at the start of Year 1?
- It is exactly the same as the original value.
- It is 4 percent less than the original value.
- It is 2 percent less than the original value.
- It is 4 percent more than the original value.
- It is 40 percent less than the original value.
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