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Jairo owns 15 shares of ABC Gaming Stock. On Monday, the value of each share rose $2, but on Tuesday the value fell $5. What is the change in the value of Jairo’s shares?

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Answer:

it's $75

Explanation:

Since to find the change in the value of Jairo's shares, we would first need to calculate the new value of each share.

On Monday, each share was worth 2 dollars more than the previous day, so each share was now worth 2+5 = $7.

On Tuesday, the value dropped 5 dollars per share, so each share was now worth 7-5 = $2.

This means the value of Jairo's shares decreased by 5 dollars.

5 x 15 = 75

So as a whole, Jairo's shares have dipped by $75.

User Denis Evseev
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