Create an equation and solve. If Jennifer doubled the money that she has in her account now and then took out $50, she would hav
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Answer:
Hence the the value of stock after three years worth $734.44
Step-by-step explanation:
According to question ,
Jolene bought three years ago, stock in a company worth = $550
The value has been increase after three year at rate of = 10.12 %
So,
The value after three years can be written as
Final value = initial value
Or, Final value = $550
Or, Final value = $550 (1.102)³
Or, Final value = $550 × 1335
I.e final value = $734.44
Hence the the value of stock after three years worth $734.44 Answer