1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marin [14]
3 years ago
14

The price of a company's share dropped by 3.50% by the end of the first year, down to $44.25. During the second year the price o

f the share dropped by $1.99. a. What was the price of the share at the beginning of the first year? Round to the nearest cent b. What was the price of the share at the end of the second year? Round to the nearest cent c. What was the percent change in the price of the share over the two years? % Express the answer with a positive sign for percent increase or negative sign for percent decrease
Mathematics
1 answer:
omeli [17]3 years ago
5 0

Answer:

a. $45.86

b. $43.87

c. Percentage change = -4.40%)

Step-by-step explanation:

a. Let the price of share at the beginning of first year be represented with X

Now, Price of company's share dropped by 3.50% at the end of first year.

So, Price of share at the end of first year = x - 3.5% of x

= x - 0.035x

= 1x - 0.035x

= 0.965x

But it is equal to $44.25

=> 0.965x = 44.25

x = 44.25 / 0.965  

x = 45.8549223

x = $45.86

b. During second year price of share decreased by $1.99. Therefore, Price of share at the end of second year = $45.86 - $1.99  = $43.87

c. Percentage change in the price of shares over two years = {(45.86 - 43.87)/45.86} *100

= (1.99/45.86)*100

= 0.04339294 * 100

= 4.40%

Now, as price of shares has dropped, the percentage change will be negative. (Δ% = -4.40%)

You might be interested in
Samantha is baking a cake. She needs 3/4 cup of butter for each cake. One stick of butter is 1/2 cup. How many sticks of butter
Gala2k [10]
She would need 6 sticks of butter.
6 0
3 years ago
Read 2 more answers
Assignment
Neko [114]

Answer: sample 1 and 2

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
100 POINTS NEED ANSWER ASAP
never [62]

Answer:

DOMAIN: {4,5,6,7}

RANGE: {4,4.5,5,5.5,6,6.5,7}

Step-by-step explanation:

here is proof

Mark Brainiest Please

4 0
2 years ago
A number cube is rolled. Find the Probability. (4 or 5)​
nikklg [1K]

Answer: 2/6 or 33%

Step-by-step explanation: Hope this helps <3

6 0
3 years ago
The math teachers inspect the homework assignments from a random sample of 50 students at the school. Only 68% of the students c
Lapatulllka [165]

1 because the number is alsome

7 0
3 years ago
Other questions:
  • How much water should be added to 14mL of 15% alcohol solution to reduce the concentration to 7%
    8·1 answer
  • HELP FAST PLEASE!!!!! Which of the following is an equation of the translation y = sin x, shifted π units up?
    7·1 answer
  • On Monday 3/8 inches of snow fell on Tuesday 5/8 inches of snow fell. Write a statement that correctly compares the snow amounts
    10·2 answers
  • Someone please help me get the answers to these
    8·1 answer
  • Determine which ordered pair is NOT a solution of y=3x-8
    7·1 answer
  • HELP For each triangle, find x and the measure of each side.
    12·1 answer
  • I need help quick- Thanks btw :&gt;
    11·1 answer
  • Find the eighth term of the sequence 1/3, -1, 3, -9, ..
    15·1 answer
  • Solve 2 s^3 − 4r^ 2 if r = 1 and s = 5 . step by step
    9·1 answer
  • Add polynomials (intro) Add. Your answer should be an expanded polynomial in standard form. (3x^3 + 4x²) + (3x^3 – 4x^2 – 9x) =
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!