During the first year, ABC's stock price starts at $ \$100 $ and increases $ 100\% $. During the second year, its stock price go

Question

2 years ago

7

During the first year, ABC's stock price starts at $ \$100 $ and increases $ 100\% $. During the second year, its stock price go

es down $ 25\% $ from its price at the end of the first year. What is the price of the stock, in dollars, at the end of the second year?

Mathematics

2 answers:

Artemon [7] · Answer 1 · 2022-01-22T02:28:58+03:00

Answer:

Step-by-step explanation:

During the first year, ABC's stock price starts at $100 and increases by 100%. This means that the amount by which the stock increased would be

100/100 × 100 = $100

The new price of the stock would be 100 + 100 = $200

During the second year, its stock price goes down 25% from its price at the end of the first year. This means that the amount by which the stock reduced is

25/100 × 200 = 0.25 × 200 = $50

Therefore, the price of the stock, in dollars, at the end of the second year is

200 - 50 = $150

Reil [10] · Answer 2 · 2022-01-22T03:57:23+03:00

Reil [10]2 years ago

6 0

Answer:

150

Step-by-step explanation:

In the first year, the price doubles. This happens because 100% of 100 is 100, so 100+100 is 200, which is also 100 multiplied by 2. 25/100 which is 25%, multiplied by 200, is 50. So the answer is 200-50 which equals 150.