Question

Pretend that you buy a $200 dollar stock. If the price goes up 10% on Monday, 5% on Tuesday, and 7% on Wednesday, how much is the stock worth now?

Answer 1

The stock is now worth $247.17.

Step-by-step explanation:

The initial worth of the stock = $200

If the price goes up 10% on Monday:

`\begin{gathered} \text{The worth of the stock on Monday}=(110)/(100)*200 \\ =\$220 \end{gathered}`

If the price goes up 5% on Tuesday:

`\begin{gathered} \text{The worth of the stock on Tuesday}=(105)/(100)*220 \\ =\$231 \end{gathered}`

If the price goes up 7% on Wednesday:

`\begin{gathered} \text{The worth of the stock on Wednesday}=(107)/(100)*231 \\ =\$247.17 \end{gathered}`

The stock is now worth $247.17.