Felicia decided to purchase 2 points in order to lower her interest rate on her $149,000 mortgage. How much additional money doe
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<h2>Steps</h2>
So here are a couple expressions when a value changes by percentage (p = percentage in decimal form and m = original value):
- When <em>decrease</em>: (1 - p)m
- When <em>increase</em>: (1 + p)m
So firstly, the $80 share dropped by 15%. Since this is a <em>decrease</em>, follow the appropriate expression:
<em>On Tuesday, the share went from $80 to $68</em>
Next, on Wednesday the share increased by $7. With this, just add $68 and 7.
<em>On Wednesday, the share went from $68 to $75</em>
Lastly, on Thursday the share increased by 12%. Since this is an <em>increase</em>, follow the appropriate expression:
<u>The final price of the share is $84.</u>