Question

If you bought a stock last year for a price of $141,and it has risen 1.8% since then,

how much is the stock worth now, to nearest cent?

Answer 1

The stock is worth $143.54 now.

Step-by-step explanation:

To find the value of the stock now, we need to calculate the increase. The stock has risen by 1.8%, so we can find the increase by multiplying the original price of $141 by 1.8%.

1.8% of $141 = $2.538

To find the current value of the stock, we need to add this increase to the original price.

$141 + $2.538 = $143.538

Therefore, the stock is worth $143.54 to the nearest cent.