Register

On monday an investor bought 100 shares of stock. On Tuesday the value of the shares went up 4%. how much did the investor pay for the shares if he sold them Wednesday for $1248…

On monday an investor bought 100 shares of stock. On Tuesday the value of the shares went up 4%. how much did the investor pay for the shares if he sold them Wednesday for $1248…
asked 86.9k views
3 votes
On monday an investor bought 100 shares of stock. On Tuesday the value of the shares went up 4%. how much did the investor pay for the shares if he sold them Wednesday for $1248

asked
User Adesso
by
7.4k points

1 Answer

3 votes
1198.08
1248 / .04 = 49.92
1248 - 49.92 = 1198.08
answered
User ZombieChowder
by
7.6k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!