Question

Three years ago Jolene by $800 worth of stock in a software company since in the value of her purchase has been increasing average rate of 12 1/2 cent per year how much is the stock worth now

Answer 1

£1464.84 is your answer

Explanation:

Depending on whether you use simple or compound interest. I would think the stock would be worth:

$

750

×

1.25

=

$

937.50

at the end of one year,

$

937.50

×

1.25

=

$

1171.88

at the end of two years, and

$

1171.88

×

1.25

=

$

1464.84

at the end of three years.

Or, if you want to compute it in one shot,

$

750

×

1.25

3

=

$

1464.84

.

Answer 2

The value of stock now = $966.35Step-by-step explanation:Given in question as, Three ... Three years ago, Jolene bought $800 worth of stock in a software company. Since then the value of her purchase has been increasing at an average rate of 6.5% per year.

Explanation: