Three years ago, Jolene bought $750 worth of stock in a software company. Since then the value of her purchase has been increasing at an average rate of 12.60 per year. How much is the stock worth now?

asked Sep 14, 2018 206k views

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$y = 12.6x + 750 \\ y = 12.6*3 + 750 \\ y = 787.80$

Fran Dioniz answered Sep 16, 2018

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2 votes

2017- 3 = 2014
she already had $750 in 2014.
12.60 x 3 = 37.8
750 + 37.8 = 787.8

Jolene now has $787.8

hope it helps!

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