An investor invests in a new fund. The fund averages 10% growth annually for the first three years, but it loses 25% of its value in the fourth year. At the end of four years, the value of the fund is approximately what percent of the original amount? Select:  A) 99.825%  B) 97.785%  C) 95.125%  D) 93.675%  E) 91.175%
0.75*1.1^3 = 0.99825   The answer is 99.825%.
<result>A</result>
An investor invests in a new fund. The fund averages 10% growth annually for the first three years, but it loses 25% of its value in the fourth year. At the end of four years, the value of the fund is approximately what percent of the original amount?