If you buy 100 shares of a stock that cost $30 per share and the value of the stock increase 10% each year for 3 years, what is the value of your stock after 3 years

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asked Jul 11, 2023 3.7k views

1 vote

If you buy 100 shares of a stock that cost $30 per share and the value of the stock increase 10% each year for 3 years, what is the value of your stock after 3 years

Mathematics
college

Chen Pang asked

by Chen Pang

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1 Answer

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Answer:

$3900

Explanation:

100*30=$3000

10%=0.1 ---> 3*0.1=0.3

3000*1.3=$3900

Padmarag answered Jul 17, 2023

by Padmarag

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