You hold some gold in a vault as an investment. Over the past year the price of gold increases by 30%. In order to keep your gold in the vault, you must pay 2% of the total value of the gold per year. What percentage has the value of your holdings changed by over the past year. Choose the correct option.
A) 27.5%	B) 27.4%	C) 27.6%	D) 27.7%	E) 28.4%
(100%+30%)*(100%-2%) = 130*0.98= 
<gadget id="calculator">130*0.98</gadget>
<output>127.4</output>
127.4% an increase of 27.4%   Your gold holdings have increased in value by 27.4%.   The Answer is 27.4%
<result>B</result>
You hold some gold in a vault as an investment. Over the past year the price of gold increases by 30%. In order to keep your gold in the vault, you must pay 2% of the total value of the gold per year. What percentage has the value of your holdings changed by over the past year.