The value of a stock changes from $22 on Monday to $30 on Tuesday. Calculate the percent increase.

Question

asked Oct 20, 2024 120k views

1 Answer

Daniel Dreibrodt · Answer 1 · 2024-10-25T10:42:46+0000

Answer:

36.4%

Explanation:

You want the percentage change from $22 to $30.

The percentage change is given by the formula ...

percent change = ((new value)/(old value) -1) × 100%

= (30/22 -1)(100%) ≈ 36.4%

The stock increased in value by about 36.4%.

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