Question

A stock is worth $19,500 and grows 7% in one day. What is its new value?

Answer 1

Given:

A stock is worth $19,500 and grows 7% in one day.

The increase of one day =

$7\%\text{ }off\text{ }19500=\frac{7}{100}*19500=1365$

So, the new value =

$19500+1365=20865$

So, the answer will be the new value = $20,865