Answer:
In 12 days the stock will be worth $ 76.55.
Step-by-step explanation:
Given that a certain stock opens with a price of $ 0.59, and over the first three days the stock value increases at an average rate of 50% per day, to determine, if this trend continues, how much will the stock be worth in 12 days the following calculation must be performed:
Initial value x rate of increase ^ number of years = X
0.59 x 1.5 ^ 12 = X
0.59 x 129.74 = X
76.55 = X
Therefore, in 12 days the stock will be worth $ 76.55.
