# You invest $1,000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May comes, you see you have gained 13% in May. What is the value of your account? Round to the nearest dollar. ##### 1 Answer May 17, 2018 Step by step #### Explanation: In April, you lost $1000times0.13 = $130 Your money at the end of April =$1000-$130=$870

In May you gain 13%
=$870times0.13 =$113.1

Your money at the end of May

=$870+$113 = $983 Your answer is $983