Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assumethatyouinvestedanamountbetween$5,000and$100,000inthestockattheoriginalpricepostedbyyourclassmate.Usethepercentchangeequationtodeterminehowmuchthestockwouldbeworthnow. current= 39.47 previous=58.15 39.47-58.15/58.15x100 18.50/58.15x100 =0.03199140155x100 =31.99140155 =31.99%

  • Assumethatyouinvestedanamountbetween$5,000and$100,000inthestockattheoriginalpricepostedbyyourclassmate.Usethepercentchangeequationtodeterminehowmuchthestockwouldbeworthnow.
  • current= 39.47
  • previous=58.15
  • 39.47-58.15/58.15x100
  • 18.50/58.15x100
  • =0.03199140155x100
  • =31.99140155
  • =31.99%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Mathematics questions