Question

At the beginning of the day, stock XYZ opened at $3.15. At the end of the day, it closed at $2.87. What is the rate of change of stock XYZ?

Answer 1

-8.9%

Explanation:

Answer 2

The rate of change is - 8.89 %.

Explanation:

Given,

The opening price = $ 3.15,

While closing price = $ 2.87,

Now,

`=(2.87-3.15)/(3.15)* 100`

`=(-0.28)/(3.15)* 100`

`=-(28)/(3.15)=-8.8889\%\approx -8.89 \%`