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.
Kevin’s garden is rectangular and measures 12 metres by 15 metres. He plans to lay new turf in the garden which will cost £8 per square metre. How much turf will he need to buy and how much will this cost? 4)Inga needs to buy enough skirting board to replace the old skirting board in her bedroom. The bedroom is 5m 20cm long and 4m 80cm wide.
