medium · SAT Math

An investor deposits $1,000.00 into an account. During the first year the value of the account increases by 10%, and during the second year the value of the account decreases by 10% of its value at the end of the first year.

What is the value of the account at the end of the second year?

  1. $900.00
  2. $990.00
  3. $1,000.00
  4. $1,100.00

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