MaijaH499867 MaijaH499867

29-10-2022
Mathematics

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A stock is worth $40,230 and drops 13% in one day. What is its new value?

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TaaliyahE441752 TaaliyahE441752

29-10-2022

Answer

The new value is 35000.1

Explanation

13% corresponds to:

[tex]40230\cdot\frac{13}{100}=5229.9[/tex]

Then the new value is:

[tex]40230-5229.9=35000.1[/tex]

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