jmoney7995 jmoney7995
  • 20-11-2019
  • Mathematics
contestada

A stock grows by 7% every day 3 consecutive days. By what percent has it grown above it’s starting point?

Respuesta :

mnhlabatsi7
mnhlabatsi7 mnhlabatsi7
  • 21-11-2019

Answer:

22.5%

Step-by-step explanation:

Let the starting amount be x

Recorded below is the amount after:

0 days = x

1 day = x + (7% of x) = 1.07x

2 days = 1.07x + (7% of 1.07x) = 1.1449x

3 days = 1.1449x + (7% of 1.1449) = 1.225x

so by the third day, the total amount is 1.225 times the starting amount(x) or 122.5% meaning it grew by 22.5% in three days.

Answer Link

Otras preguntas

If data set A has a larger standard deviation than data set B, data set B is more spread out than data set A. REST TE TER O A. True B. False
Solve the following expression for t select all that apply A:9 B:42 C: 45 D: t+3=45
Which ordered pair is a solution to the equation? y = 4x + 15 (15,0) 0 (7.-2) (-1,4) (-3, 3)​
Using the image above, what is the measure of Side AC? Round to the nearest hundredth
How many gods did the people in the fertile crescent worship? o many 01 04 02
The graph of a linear function passes through the points (-1, -1/4) and (1, -3/4). Which equation represents the function ?
Triangle A'B'C' is a dilation of triangle ABC. What is the scale factor? Enter your answer in the box. ​
What is the name of the phenomenon that warms the earth’s surface?.
Three forces, (15i+j) N, 5qi – pj) N and (-3pi - gj) N, where p and q are constants, act on a particle. Given that the particle is in equilibrium, find the valu
which expressions is equivalent to 4^3 x 4^x