Question

If you bought a stock last year for a price of 103$ and it has risen 13.5% since then, how much is the stock worth now, to the nearest cent?​

Answer 1

$90.75

Explanation:

103*100=(13.5%+100%)*x

10300=113.5x

x=10300/113.5

x=90.74889868

x=$90.75