Question

Consumer math help please:
You invest $1,050.00, buying stock in a company at $10.00/share. The shares increase in value by 13% the first year and decrease 5% the second year. How much is the total value of your stocks in the second year?

Answer 1

$1127.175

Answer 2

AlI I know to do is $1,050.00 divided by $10.00 which is 105

Answer 3

@ayesdeeef is corret i got the same thing

Answer 4

105 shares * 10.74 = 1,127.70

Answer 5

Your welcome, don't forget to give a medal.

Answer 6

"The shares increase in value by 13%"

So focusing on one share, you go from $10 to ???

Answer 7

wait, do I do 10 * 13% ?

Answer 8

so what is 13% of 10?

Answer 9

you're on the right track in a way

Answer 10

1.3

Answer 11

add that to 10 to get 11.3

Answer 12

So a 13% increase makes you go from $10 to $11.30

Answer 13

Now the stock's value drops by 5%

So find 5% of 11.30 and subtract that from 11.30

Answer 14

okay I got 10.73

Answer 15

That's the stock's price after year 2

Answer 16

To find the total value, you multiply by 105 since you bought 105 shares

Answer 17

so it would be 1126.65

Answer 18

wait a sec

Answer 19

you got 10.735 right?

Answer 20

not just 10.73

Answer 21

oh no I got just 10.73

Answer 22

5% of 11.30 = 0.05*11.30 = 0.565

Subtract this from 11.30 to get 11.30 - 0.565 = 10.735

Answer 23

Then you round that to the nearest penny to get 10.74

Answer 24

Finally, multiply the individual share price by the number of shares: 10.74*105 = 1,127.70

Answer 25

Oh I get it. I rounded early so I did 11.30 - 0.57

Answer 26

I see

Answer 27

hmm now that I think about it, I'm not sure where rounding would be appropriate

it is needed, but you may be right in saying you round early

Answer 28

Let's go with your version since you're basically saying the stock loses 57 cents in value

Answer 29

Yeah cus I though you are supposed to round first then subtract.

Answer 30

and often, rounding up is only done in favor of those who are in control

Answer 31

Yes, so would it be 1127.70 or 1126.65?

Answer 32

but nvm about that, so yeah the answer is 1126.65

Answer 33

I'd go with 1126.65 since rounding is usually done as soon as possible

Answer 34

Alright awesome thank you! Could you help me with just one more? I posted it earlier

Answer 35

ok let me find it

Answer 36

Ill tag you in it. It was the one I posted before this one

Answer 37

alright