Question

The stock of Company A gained $2.75 throughout the day and ended at a value of $71.50. By what percentage did the stock rise?​

Answer 1

The stock of Company A rose by approximately 3.85%.

Step-by-step explanation:

To calculate the percentage increase of the stock, we need to find the difference between the ending value and the starting value, and then divide that difference by the starting value. Then, multiply the result by 100 to get the percentage increase.

Starting value: $71.50

Ending value: $71.50 + $2.75 = $74.25

Difference: $74.25 - $71.50 = $2.75

Percentage increase: ($2.75 / $71.50) * 100 = 3.85% (rounded to two decimal places)

The stock of Company A rose by approximately 3.85%.

Answer 2

4%

Step-by-step explanation:

New value:

$

71.50

New value: $71.50

Old value:

71.5

−

2.75

=

$

68.75

Old value: 71.5−2.75=$68.75

68.75

(

1

+

r

)

=

71.5

68.75(1+r)=71.5

68.75

(

1

+

r

)

68.75

=

71.5

68.75

68.75

68.75(1+r)

​

=

68.75

71.5

1

+

r

=

1.04

1+r=1.04

r

=

0.04

r=0.04

Subtract 1

The stock gained 4

%

The stock gained 4%

Multiply by 100