Question

A stock loses $1.50 each day over a five-day period. What is the total change in the value of the stock at the end of five days? (remember to have two numbers after the decimal)

Answer 1

Given:

A stock loses $1.50 each day over a five-day period.

To find:

The total change in the value of the stock at the end of five days.

Solution:

Stock loses each day = $1.50

We know that, loss or reduction represented as negative change.

So, change in the value of the stock per day = -$1.50

Change in the value of the stock in 5 days = 5×(-$1.50)

= -$7.50

Therefore, the change in the value of the stock at the end of five days is -$7.50. It means, the value of the stock loses $7.50 at the end of five days.