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Anestetic [448]
3 years ago
9

Three years ago Jolene by $800 worth of stock in a software company since in the value of her purchase has been increasing avera

ge rate of 12 1/2 cent per year how much is the stock worth now
Mathematics
2 answers:
matrenka [14]3 years ago
5 0

Answer:

The value of stock now = $966.35Step-by-step explanation:Given in question as, Three ... Three years ago, Jolene bought $800 worth of stock in a software company. Since then the value of her purchase has been increasing at an average rate of 6.5% per year.

Step-by-step explanation:

stellarik [79]3 years ago
3 0

Answer:

£1464.84 is your answer

Step-by-step explanation:

Depending on whether you use simple or compound interest. I would think the stock would be worth:

$

750

×

1.25

=

$

937.50

at the end of one year,

$

937.50

×

1.25

=

$

1171.88

at the end of two years, and

$

1171.88

×

1.25

=

$

1464.84

at the end of three years.

Or, if you want to compute it in one shot,

$

750

×

1.25

3

=

$

1464.84

.

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