Question

On Monday, the value of a company's shares was 7.50. The price incremed by 6% Tuesday, decreased by 1.5% on Wednesday, and decreased by 2% on Thursday Find the value of each share when trade opened on Friday​

Answer 1

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Value of share of Monday =Rs 7.50

On Tuesday increase

Value = $7.50 + 6\%  \times 7.50$

$\begin{array}{l} = 7.50 + (\frac{6}{{100}}) \times 7.50\\ = 7.50 + 0.45\\ = 7.95 \end{array}$

Value = Rs 7.95

On Wednesday decreases

Value = $7.83 + 2\%  \times 7.83$

$\huge\begin{array}{l} = 7.83 + (\frac{2}{{100}}) \times 7.83\\ = 7.98 \end{array}$

The value of share when trade opened on Friday is Rs 7.98.