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The stock of Company A gained $2.75 throughout the day and ended at a value of $71.50. By what percentage did the stock rise?​

Respuesta :

Answer:

4%

Step-by-step explanation:

New value:

$

71.50

New value: $71.50

Old value:

71.5

−

2.75

=

$

68.75

Old value: 71.5−2.75=$68.75

68.75

(

1

+

r

)

=

71.5

68.75(1+r)=71.5

68.75

(

1

+

r

)

68.75

=

71.5

68.75

68.75

68.75(1+r)

​

=

68.75

71.5

1

+

r

=

1.04

1+r=1.04

r

=

0.04

r=0.04

Subtract 1

The stock gained 4

%

The stock gained 4%

Multiply by 100

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