On Monday, the value of a company's shares was 37.50. The price increased by 6% on Tuesday, decreased by 1.5% on Wednesday, and decreased by 2% on Thursday. Find the value of each share when trade opened on Friday. duce or enlarge your original by entering a
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Answer:
456.272819283737193847472
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Step-by-step explanation:
Value of share on Monday =7.5
On Tuesday (increase):
Value =7.5+6% of 7.5 =7.5+(1006)×7.5
Value =7.95
On Wednesday (decrease):
Value =7.95−1.5% of 7.95 =7.95−(1001.5)×7.95
Value =7.83
On Thursday (increase):
Value =7.83+2% of 7.83 =7.83+(1002)×7.83
Value =7.67
∴ Value of each share when trade opens on Friday will be Rs.7.67
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