Question

Stock in Hamburgertronics entered the day at a value of $22.50. By the end of the day, the value of the stock had increased by 2%. What was the value of Hamburgertronics stock at the end of the day?

Answer 1

$22.95

Explanation:

Given data

Value=$22.50.

Percent increase= 2%

Let us find the value of 2% increase

=2/100*22.50

=0.02*22.50

=$0.45

Hence the total value at the end of the day is

=22.50+0.45

=$22.95