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Rudik [331]
3 years ago
5

At the beginning of the day, stock XYZ opened at $3.15. At the end of the day, it closed at $2.87. What is the rate of change of

stock XYZ?
Mathematics
2 answers:
AlekseyPX3 years ago
6 0

Answer:

The rate of change is - 8.89 %.

Step-by-step explanation:

Given,

The opening price = $ 3.15,

While closing price = $ 2.87,

Now,

\text{The rate  of change}=\frac{\text{closing price-opening price}}{\text{opening price}}\times 100

=\frac{2.87-3.15}{3.15}\times 100

=\frac{-0.28}{3.15}\times 100

=-\frac{28}{3.15}=-8.8889\%\approx -8.89 \%

natta225 [31]3 years ago
3 0

Answer:

-8.9%

Step-by-step explanation:


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