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Populaire Word Problems >

If you bought a stock last year for a price of 138, and it has risen 4% since then, how much is the stock worth now, to the nearest cent?

Solution

I f yo u b o ug h t a s t oc k l a s t ye a r f or a p r i ce o f 138, an d i t ha s r i se n 4% s in ce t h e n, h o w m u c h i s t h e s t oc k w or t h n o w, t o t h e n e a res t ce n t ?

Solution

Amount after addition : 143.52

étapes des solutions

Translate the problem into an equation:

x = 138 + 0.04 \cdot 138

x = 138 + 0.04 \cdot 138 : x = 143.52

Amount after addition : 143.52

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