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

3 years ago

11

an average rate of 9 3/4% per year. How much is the stock worth now?
Please explain your answer.

1 answer:

zalisa [80] · Answer 1 · 2022-05-05T16:20:13+03:00

5 0

Answer: $384.13 ( rounded)

Original number: $384.125

Step-by-step explanation:

Find 9.75% of Paul's original stock, to find out how much it increased.

9.75*350/100=34.125

Add $34.125 to his original stock.

$384.125