At the beginning of 1992, Maria's stock portfolio was worth $600,000. During 1992, the portfolio's value increased by 95%. During the next year, the portfolio increased its worth by only 5%. What was Maria's portfolio worth, in dollars, by the end of 1993? Choose the correct choice from the following
A) 1,180,000 B) 1,200,000 C) 1,200,300 D) 1,228,500 E) 1,330,000
By the end of 1992, the port folio worth is 1.95 * ($600K)   By 1993, the portfolio is 1.05 * (1.95 * $600K)   =$ 1,228,500   ANSWER:1,228,500
<result>D</result>
At the beginning of 1992, Maria's stock portfolio was worth $600,000. During 1992, the portfolio's value increased by 95%. During the next year, the portfolio increased its worth by only 5%. What was Maria's portfolio worth, in dollars, by the end of 1993?