Question

The stock of company A gained $1.32 throughout the day and ended at a value of $34.32.By what percentage did the stock rise?

Answer 1

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Explanation:

Answer 2

4%

Explanation:

The stock of Company A gained $1.32 throughout the day and ended at a value of $34.32. By what percentage did the stock rise?

\text{New value: }\$34.32

New value: $34.32

\text{Old value: }34.32-1.32=\$33.00

Old value: 34.32−1.32=$33.00

33(1+r)=34.32

33(1+r)=34.32

\frac{33(1+r)}{33}=\frac{34.32}{33}

33

33(1+r)

​

=

33

34.32

​

1+r=1.04

1+r=1.04

r=0.04

r=0.04

Subtract 1

\text{The stock gained 4}\%

The stock gained 4%

Multiply by 100