Question

A stock is worth $19,500 and grows 7% in one day. What is its new value?

Answer 1

Given:

A stock is worth $19,500 and grows 7% in one day.

The increase of one day =

`7\%\text{ }off\text{ }19500=(7)/(100)*19500=1365`

So, the new value =

`19500+1365=20865`

So, the answer will be the new value = $20,865