Question

If you bought a stock last year for a price of $103, and it has risen 7% since then, how

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

Answer 1

$110.21

Explanation:

well 7% of 103 is 7.21 so if you add that to 103 it = 110.21

Answer 2

the stock is worth $110.21

Explanation:

The first thing you want to do is multiply 0.07 and 103, to find out what 7% of 103 is. When you multiply those two numbers you are going to get 7.21. You are then going to add 103 and 7.21 to find out how much it would be worth now.