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Mathematics

Answered

if you bought a stock last year for the price of $27 and it has risen 4.2% since then how much is the stock worth now to the nearest cent?

Answer :

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Answer:

$28.13

Step-by-step explanation:

Multiplying $27 by 1.042 has the effect of reproducing the price ($27) and adding the "4.2% of $27" increase in value:

1.042($27) = $28.13 (to the nearest cent)

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