Convert 5.4 ⋅ 103 to standard form.
1 answer:
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Answer:
The price of the stock in the beginning of the day was $26.5.
Step-by-step explanation:
This question can be solved using a rule of three.
The initial stock of the company, that we want to find, was 100% = 1.
$27.03 is an increase of 2%, so it is 100+2 = 102% = 1.02%. So
$27.03 - 1.02
$x - 1
The price of the stock in the beginning of the day was $26.5.