The price of a stock rose from a yearly low of $9.68 to $18.61. what was the stock percent increase from its low price that year
1 answer:
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Given:
Amount = Rs. 9,144
Time = 3 years.
Rate of simple interest = 9%
To find:
The principal value.
Solution:
The formula for simple interest is:
Where, P is principal, r is the simple rate of interest, and t is the number of years.
Putting in the above formula, we get
We know that,
Divide both sides by 1.27, we get
Therefore, the principal value is Rs. 7200.
In the half-angle formula for sine and cosine, notice that a plus/minus sign appears in front of each radical (square root). Whether your answer is positive or negative depends on which quadrant the new angle (the half angle) is in
