Luke buys shares for £15.26 each they decrease in value by 3.5% work out the new share price

Julie asked Sep 26, 2023

3,892 views

33 votes

Julie asked Sep 26, 2023

by Julie

2.5k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

6 votes

Answer:

New price is $14.73 Per share

Explanation:

(1 - 3.5%) × 15.26 = 14.7259

Round to the nearest hundreth

New share price = $14.73

Kevin Burke answered Oct 1, 2023

2.5k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers