Question

Cheryl invested 1000$ on monday.each day after that stock increased 1% of original value. on Wednesday she was charged an administrative fee 10$. at the end of each day what is the value of the stock monetarily

Answer 1

Given

Cheryl invested on monday = $ 1000

After monday Stock increased each day = 1%

On wd sehe charged an administrative fee = $10

Find

Value of the stock monetarily

Step-by-step explanation

According to the question,

the stock amount at the end o each day is

on monday

`\begin{gathered} 1000*(101)/(100) \\ 1010 \end{gathered}`

on tuesday

`\begin{gathered} 1010+(1)/(100)*1000 \\ 1020 \end{gathered}`

on wednesday

`\begin{gathered} 1020+(1)/(100)*1000-10 \\ 1020 \end{gathered}`

Final Answer

Therefore, at the end of each day , the value of the stock monetarily

monday = $1000

tuesday = $1020

wednesday = $020