Question

The price of a technology stock was $9.71 yesterday today the price rose to $9.84 find the percentage increase round your answer to the nearest 10th of a percent

Answer 1

Answer:

1.34%

Step-by-step explanation:

In order to find the percentage increase between these two prices, we must first find the difference in price. We calculate this by subtracting the final price by the initial price like so...

$9.84 - 9.71 = 0.13

Now we divide the difference by the initial price to find what percentage of the initial price this difference is, since this percentage difference was added to the initial price to get the new and final price point.

0.13 / 9.71 = 0.013388 ... multiply by 100 to get percent value

0.013388 * 100 = 1.3388% or 1.34% rounded.