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Suppose you invest in Apple's stock at $40. Then, one year later the stock increases by 100%. What is your Apple stock worth now?

Suppose you invest in Apple's stock at $40. Then, one year later the stock increases by 100%. What is your Apple stock worth now?
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13 votes
Suppose you invest in Apple's stock at $40. Then, one year later the stock increases by 100%.

What is your Apple stock worth now?

User Simon Hewitt
by
8.6k points

1 Answer

0 votes

Answer:

$80

Explanation:

40 increase 100% =

40 × (1 + 100%) = 40 × (1 + 1) = 80

User Shir Gans
by
7.4k points
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