Three year ago , Jolene bought $750 worth of stock in a software company. Since then the value of her purchase has been increase

Question

Cloud [144]

3 years ago

7

Three year ago , Jolene bought $750 worth of stock in a software company. Since then the value of her purchase has been increase

at an average rate of 12 3/5% per year. How much is the stock worth now?

Mathematics

1 answer:

DIA [1.3K] · Answer 1 · 2022-07-31T06:08:57+03:00

DIA [1.3K]3 years ago

5 0

End of First Year (750/100)x12(3/5)=54 $750+54=804
End of Second Year (804/100)x12(3/5) = 58 $804+58=862
End Of Third Year (862/100)x12(3/5) = 62 $862+62=924

STOCK WORTH NOW = 924