On Monday a company stock closed at a price of $30.80 per share. On Tuesday it increased by $1.20 per share. On Wednesday it fel

Question

3 years ago

15

On Monday a company stock closed at a price of $30.80 per share. On Tuesday it increased by $1.20 per share. On Wednesday it fel

l by 6.25%. On Thursday it fell by another 4% and on Friday it increased by 2.5%. What is the net change in the stock price from Monday to Friday

Mathematics

2 answers:

fredd [130] · Answer 1 · 2022-06-22T18:54:18+03:00

fredd [130]3 years ago

5 0

Answer:

-1.28 on Plato

Step-by-step explanation:

aleksley [76] · Answer 2 · 2022-06-22T17:05:19+03:00

Tuesday:
30.80 + 1.20 = 32.00

Falling by 6.25% means it ends up being 93.75% of what it used to be (100% - 6.25% = 93.75%)

Wednesday:
32.00 * 0.9375 = 30

Thursday:
30 * 0.96 = 28.8

Friday:
28.8 * 1.025 = 29.52

Net change means you subtract to get the difference.

Net change = Final - initial
= 29.52 - 30.80
= -1.28

The stock fell $1.28