Question

On Monday, stock XYZ opened at $56.86. On Friday, it closed at $64.92. What is the rate of change of stock XYZ for this particular week?

A. 14.2%
B. 8.1%
C. 6.4%
D. 5.6%

Answer 1

Answer: 14.17%

Rounded: 14.2%

Explanation:

Final Amount - Starting Amount =
`(x)/(Starting Amount)` * 100 = Answer

64.92 - 56.86 =
`(8.06)/(56.86)` = 0.1417% * 100 = 14.17%

If you need to round it it's 14.20%