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 the value of each share when trade opened on Friday. I know the answer but i dont know how to do those divisions with decimals please explain
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Question
On Monday the value of a company shares was ₹7.50. 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
Solution
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.