eh571669 eh571669
  • 17-08-2020
  • Mathematics
contestada

if you bought a stock last year for $59 and it risen 13% how much is the stock worth now

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TheAnimeGirl
TheAnimeGirl TheAnimeGirl
  • 17-08-2020

Answer:

$ [tex] \underline{ \underline { \sf{ \bold{66.67}}}}[/tex]

Step-by-step explanation:

Price of stock bought = $ 59

% rise = 13%

Price of stock rise :

⇒[tex] \sf{13\% \: of \: 59}[/tex]

⇒[tex] \sf{ \frac{13}{100} \times 59}[/tex]

⇒$ [tex] \sf{7.67}[/tex]

New price is 13% more than $ 59

Hence, New price = $ 57 + $ 7.67

= $ 66.67

Hope I helped!

Best regards!!

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