1. You are watching a stock and it closed at $8.41. The next day, it closed at $12.36. What is the percent change?
Answer: idk this one. Help?
2.From the question above, the stock closed at $6.56 the day after it closed at $12.36. What is the percent change?
53%
47%
(47%) ***
3. You decide to invest $3,500 into a stock worth $0.70/sh. You then sell the shares at $3.80/sh. How much did you make?
$15,500 ***
$31,500
$19,000
Your 2nd and 3rd are correct.
I don't understand why you can't do the first one, it is the same type as the 2nd.
Let me know what you did.
146?%
i really don't know
46.96?
change = 12.36 - 8.41
= 3.95
Percentage change = 3.95/8.41 = .4696.. = appr 47%
You must have done the same steps in #2 to get the answer correct in that one.
ohhh I see. Thanks!
To calculate the percent change, you can use the formula:
Percent Change = (New Value - Old Value) / Old Value * 100
1. For the first question, the old value is $8.41 and the new value is $12.36. Plugging the values into the formula, we get:
Percent Change = (12.36 - 8.41) / 8.41 * 100 ≈ 46.84%
So, the percent change is approximately 46.84%.
2. For the second question, the old value is $12.36 and the new value is $6.56. Plugging the values into the formula, we get:
Percent Change = (6.56 - 12.36) / 12.36 * 100 ≈ -47.06%
So, the percent change is approximately -47.06%. Since the value decreased, we use a negative sign.
3. To calculate how much you made from the investment, you need to first find the number of shares you purchased:
Number of Shares = Investment Amount / Purchase Price
Number of Shares = $3,500 / $0.70 = 5,000 shares
Next, you need to find the value of the shares when you sold them:
Value of Shares = Number of Shares * Selling Price
Value of Shares = 5,000 shares * $3.80 = $19,000
So, you made $19,000 from the investment.