Answer:
Current worth of stock is $141.538
Current worth of stock rounded to nearest cent is $142
Step-by-step explanation:
price of stocks= $141
percentage increase in price of stocks = 1.8% of initial price of stock
dollar value increase in price of stocks = 1.8% of initial price of stock
increase in price of stocks = 1.8% of $141
increase in price of stocks = 1.8/100 * $141 =$ 253.8/100 = $2.538
Current worth of stock = initial price of stock+increase in price of stocks
substituting the value of initial price of stock and increase in price of stocks we have
Current worth of stock =$141 + $2.538 = $141.538
Since we need to find stock worth now, to nearest cent, as after decimal there .5 and any value greater than or equal to .5 is rounded to one then after rounding, $141.538 becomes $142
