Question

If an answer for this question is not an integer, enter it as a decimal rounded to the hundredths place.

Juan purchased some stock on Monday morning. The price was $2.21 per share. He checked the price of the stock at the end of each day and made these notes.

By the end of the day on Monday, the price had doubled.
On Tuesday the price rose $0.39.
On Wednesday, the price of the stock fell $1.76.
On Thursday, the price dropped by 1/5 of its value.
On Friday, the price gained $0.12 per share.
Use this information to complete the statement.

At the end of the day on Friday, the price of Juan's stock was $
_____ per share.
fill in the blank

Answer 1

2.56

Explanation:

Monday: 2 * 2.21 = 4.42

Tuesday: 4.42 + 0.39 = 4.81

Wednesday: 4.81 - 1.76 = 3.05

Thursday: 3.05 - 1/5 * 3.05 = 3.05 - 0.61 = 2.44

Friday: 2.44 + 0.12 = 2.56