Question

A stockholder owns 381.881 shares. By the end of the year, he had increased his number of shares by 14.814. What’s the new total of shares owned by the stockholder?

Answer 1

438.453 shares

Explanation:

From my understanding, the question says that the shares were increased by 14.814%.

Therefore, we have to calculate the increase

Step 1: Calculate the increase

Previous shares : 381.881

Increase : 14.814%

Increase = 381.881 x 14.814% = 56.572

Step 2: Calculate the new total shares

New shares = 381.881 + (381.881 x 14.814%)

New shares = 381.881 + 56.572

News shares = 438.453

Therefore, the new total shares owned by the stockholder are 438.453 shares.

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