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22 March, 03:10

If you bought a stock last year for a price of $141, and it has risen 1.8% since then,

how much is the stock worth now, to nearest cent?

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  1. 22 March, 05:40
    0
    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
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