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If you bought a stock last year for a price of
$82, and it has gone down
18% since then, how much is the stock worth now, to the nearest cent?
Answer:

If you bought a stock last year for a price of $\$ 82$ , and it has gone down $18 \%$ since then, how much is the stock worth now, to the nearest cent? $\newline$ Answer:

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Exponential growth and decay: word problems

Full solution

Q. If you bought a stock last year for a price of

\$ 82

, and it has gone down

18 \%

since then, how much is the stock worth now, to the nearest cent?

\newline

Answer:

Calculate Percentage Decrease: Determine the percentage decrease in the stock price. $\newline$ The stock has gone down by $18\%$ .
Find Amount of Decrease: Calculate the amount of decrease in the stock price. $\newline$ To find the decrease, multiply the original price by the percentage decrease. $\newline$ Decrease = $\$82 \times 18\% = \$82 \times 0.18$
Calculate New Stock Price: Perform the calculation to find the amount of decrease. $\newline$ $\$82 \times 0.18 = \$14.76$ $\newline$ This is the amount by which the stock price has decreased.
Calculate New Stock Price: Perform the calculation to find the amount of decrease. $\newline$ $\$82 \times 0.18 = \$14.76$ $\newline$ This is the amount by which the stock price has decreased.Calculate the new stock price after the decrease. $\newline$ Subtract the decrease from the original price to find the new price. $\newline$ New Price = Original Price - Decrease $\newline$ New Price = $\$82 - \$14.76$
Calculate New Stock Price: Perform the calculation to find the amount of decrease. $\newline$ $\$82 \times 0.18 = \$14.76$ $\newline$ This is the amount by which the stock price has decreased.Calculate the new stock price after the decrease. $\newline$ Subtract the decrease from the original price to find the new price. $\newline$ New Price = Original Price - Decrease $\newline$ New Price = $\$82 - \$14.76$ Perform the calculation to find the new stock price. $\newline$ $\$82 - \$14.76 = \$67.24$ $\newline$ This is the current value of the stock.

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