Question

On Monday, the value of a company shares was £7.50. The price increased by 6% on Tuesday, decreased by 2.5% Wednesday, and decreased by 2% on Thursday find the value of each share when trade opened on friday

Answer 1

Price will be £ 7.5962.
Approximately £ 7.60

Answer 2

$<b><i><u>Answer :</u>$

The value of a company’s shares on Monday = Rs. 7.50

To find the value of a company’s shares on Tuesday,

Value on Monday = Rs. 7.50

% Increase = 6% of 7.50

$\to\dfrac{6}{100}×7.50$

= 0.45

$<u>Value on Tuesday = Value on Monday + value on Increase percentage</u>$

= 7.50+0.45

= Rs. 7.95

∴ The Value on Tuesday is Rs. 7.95

To find the value of a company’s shares on Wednesday,

Value on Tuesday = Rs. 7.95

% decrease = 1.5% of 7.95

$\to\dfrac{1.5}{100}×7.95$

= 0.11925

$<u>Value on Wednesday = Value on Tuesday - value on decrease percentage</u>$

= 7.95-0.11925

= Rs. 7.83075

∴ The Value on Wednesday is Rs. 7.83075

Value on Thursday = Rs. 7.83075

% decrease = 2% of 7.83075

$\to\dfrac{2}{100}×7.83075$

= 0.156

Value on Thursday = Value on Wednesday - value on decrease percentage

= 7.83075-0.156

= $\bold{\boxed{Rs. 7.674}}$

∴ The Value on Thursday is Rs. 7.674

The value of share when opened on Friday is equal to the Thursday’s closing price.

∴ $<u>$The opening Value of the share on Friday is Rs. 7.674