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If you bought a stock last year for a price of 
$96, and it has risen 
16.6% 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 $96 \$ 96 , and it has risen 16.6% 16.6 \% since then, how much is the stock worth now, to the nearest cent?\newlineAnswer:

Full solution

Q. If you bought a stock last year for a price of $96 \$ 96 , and it has risen 16.6% 16.6 \% since then, how much is the stock worth now, to the nearest cent?\newlineAnswer:
  1. Add Increase to Original Price: Now, we add the increase to the original price to find the current value of the stock.\newlineCurrent value of the stock = Original price + Increase\newline= $96\$96 + $15.936\$15.936\newline= $111.936\$111.936\newlineSince we need to round to the nearest cent, the current value of the stock is $111.94\$111.94.

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