Question

The value of investments in the stock market change daily. Suppose you buy a stock for $3,528. It increases in value by 8% and then decreases 14% and then increases again by 10%. What is the new value? (round your answer to the nearest cent)

Answer 1

Original value = $3,528

• Value increase by 8%

3,528 x ( 1 + 8/100 ) = $3,810.24

• Decrease by 14%

3,810.24 x ( 1 - 14/100) = $3,276.8064

• Increase by 10%

3,276.8064 x ( 1 + 10/100) = $3,604.49

New value : $3,604.49