Question

Kalvin is watching the stock that he invested in. On Monday, the stock was worth $24 a share. On Wednesday, the stock had dropped to $18 a share. By Friday, the stock was worth $21 a share. What was the net change in the stock from Monday to Friday?

A. $3 decrease
B. $3 increase
C. $6 decrease
D. $6 increase

Answer 1

The net change in the stock was a $3 decrease, calculated by subtracting the final value ($21) from the initial value ($24).

Step-by-step explanation:

To determine the net change in the stock from Monday ($24 a share) to Friday ($21 a share), subtract the value of the stock on Friday from the value on Monday:

Net change = Friday's stock value - Monday's stock value

Net change = $21 - $24

Net change = $3 decrease

Therefore, the net change in the stock from Monday to Friday is a $3 decrease, which corresponds to option A. $3 decrease.