An investor has an account with stock from two different companies. Last year, his stock in Company A was worth $7000 and his stock in Company B was worth $3750. The stock in Company A has increased 2% since last year and the stock in Company B has increased 4%. What was the total percentage increase in the investor's stock account? Round your answer to the nearest tenth (if necessary). Answer:

Question

An investor has an account with stock from two different companies. Last year, his stock in Company A was worth  $7000 and his stock in Company B was worth  $3750. The stock in Company A has increased  2% since last year and the stock in Company B has increased  4%. What was the total percentage increase in the investor's stock account? Round your answer to the nearest tenth (if necessary). Answer:

Bytelearn · Accepted Answer

Calculate Company A Stock Increase: Calculate the new value of the investor's stock in Company A after a 2% increase. Original value of Company A stock: $7000 Percentage increase: 2% New value = Original value + (Original value * Percentage increase) New value = $7000 + ($7000 * 0.02) New value = $7000 + $140 New value = $7140Calculate Company B Stock Increase: Calculate the new value of the investor's stock in Company B after a 4% increase. Original value of Company B stock: $3750 Percentage increase: 4% New value = Original value + (Original value * Percentage increase) New value = $3750 + ($3750 * 0.04) New value = $3750 + $150 New value = $3900Calculate Total Stock Value Last Year: Calculate the total value of the investor's stock last year. Total value last year = Value of Company A stock last year + Value of Company B stock last year Total value last year = $7000 + $3750 Total value last year = $10750Calculate Total Stock Value This Year: Calculate the total value of the investor's stock this year. Total value this year = New value of Company A stock + New value of Company B stock Total value this year = $7140 + $3900 Total value this year = $11040Calculate Total Stock Increase: Calculate the total increase in the investor's stock account. Total increase = Total value this year - Total value last year Total increase = $11040 - $10750 Total increase = $290Calculate Total Percentage Increase: Calculate the total percentage increase in the investor's stock account. Total percentage increase = (Total increase / Total value last year) * 100% Total percentage increase = ($290 / $10750) * 100% Total percentage increase ≈ 2.7%

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