Question

Now suppose you buy a stock for $3,500. It decreases in value by 3% and then rises 8%. To the nearest cent, what is the new value of the stock now?

Answer 1

The new value of the stock after the percentage decrease and increase is  $3666.60.

What is the new value of the stock?

Percentage is the fraction of an amount expressed as a number out of hundred. Percentage is a measure of frequency.

Value of the stock after the decrease = (100 - 3) x $3500 = $3395

alue of the stock after the increase = (100 + 8) x 3395 = $3666.60

To learn more about percentages, please check: brainly.com/question/25764815