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Viktor [21]
3 years ago
11

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

an average rate of 9 3/4% per year. How much is the stock worth now?
Please explain your answer.
Mathematics
1 answer:
zalisa [80]3 years ago
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

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