Maddie buys stock that is worth $22 per share. On the first day, the value of the stock goes up 20%. On the second day, the valu
e decreases by 10%. What is the value of each share at the end of the second day?
1 answer:
Answer is $23.76
Calculate 20% of 22 and add it to 22:
20% x 22 = 4.4
22 + 4.4 = $26.4
Calculate 10% of 26.4 and subtract from 26.4
10% x 26.4 = 2.64
26.4 - 2.64 = $23.76
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