A company's stick lost $3.15 of its value each day for 5 consecutive days. What was the total change in the stock price?
-5*3.15
tricky is percent per day (compound)
To find the total change in the stock price, we need to find the sum of the individual daily changes.
Since the stock lost $3.15 of its value each day for 5 consecutive days, the daily change can be represented as -3.15.
To find the total change, we can multiply the daily change (-3.15) by the number of consecutive days (5):
Total change = Daily change × Number of days
= -3.15 × 5
= -15.75
Therefore, the total change in the stock price is -$15.75.