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the value of each share when trade opened on Friday.
On Monday, the value of a company's shares was 7.50. The price increased by 6% on
Tuesday, decreased by 1.5% on Wednesday, and decreased by 2% on Thursday. Find
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Step-by-step explanation:
Given, Monday value = ₹7.50
Tuesday price is increased by 6% = 106%.
Tuesday price = ₹7.50 * 106/100
= ₹7.95.
Wednesday price is decreased by 1.5% = 98.5%
Wednesday price = ₹7.95 * 98.5/100
= ₹7.830.
Thursday price is decreased by 2% = 98%
Thursday price = ₹7.830 * 98/100
= ₹7.67.
The value of each share when trade opened on Friday = ₹7.67.
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