The price of a stock appreciated by 24.90% of its value last month and then depreciated by 24.90% this month. By what percent did the stock appreciate or depreciate over the 2 month period?

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asked Nov 11, 2021 74.0k views

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The price of a stock appreciated by 24.90% of its value last month and then depreciated by 24.90% this month. By what percent did the stock appreciate or depreciate over the 2 month period?

Mathematics
middle-school

SajithK asked

by SajithK

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Answer:

I am not totally sure but you’re supposed to multiply 24.90% times two months

Sebastian Schmitz answered Nov 17, 2021

by Sebastian Schmitz

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