Question

An investor has an account with stock from two different companies. Last year, his stock in Company A was worth $1790 and his stock in Company B was worth $1000. The stock in Company A has increased 20% since last year and the stock in Company B has increased 22%. What was the total percentage increase in the investor's stock account? Round your answer to the nearest tenth (if necessary).

Answer 1

20.7%

Explanation:

Answer 2

20.7%

Explanation:

Amount of stock increased in Company A = 20% of 1790

= 0.20 * 1790 = $ 358

Investor's stock in company A this year = 1790 + 358 = $ 2148

Amount of stock increased in Company B = 22% of 1000

= 0.22 * 1000= $ 220

Investor's stock in company B this year = 1000 + 220 = $ 1220

Total amount in investor's stock account = 2148 + 1220 = $ 3368

Increased amount = 3368 - 2790 = $ 578

Increase percentage =
`(578)/(2790)*100` = 20.71

= 20.7%