Question

If you bought a stock last year for a price of $67, and it has risen 12% since then, how much is the stock worth now, to the nearest cent?

Answer 1

Answer:$75.04

Explanation:

last year price=$67

12% of 67

12/100 x 67

(12 x 67) ➗ 100

804 ➗ 100=8.04

Since it has risen by 12%

There new price is 67+8.04=75.04