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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

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

Amount after addition : 143.52

Solution steps

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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