Two years ago, Paul bought $350 worth of stock in a cell phone company. Since then the value of his stock has been increasing at

Question

2 years ago

15

an average rate of 9 % per year . How much is the stock worth now?

2 answers:

vivado [14] · Answer 1 · 2022-09-01T17:55:07+03:00

7 0

The stock is now worth $415.84 .

andriy [413] · Answer 2 · 2022-09-01T20:09:05+03:00

6 0

Answer: The difference for the annual 9% increase is 31.5 The answer is $413.

Step-by-step explanation:

Since Paul bought his stock two years ago, the total difference is $63. 350+63=$413.