Note: I believe #16 is B and #17 is A. I want to verify these and...
Note: I believe #16 is B and #17 is A. I want to verify these and if I’m wrong could you show the correct method?
16) The price for Stock X on June 23, 2019 at 10 a.m. was $10.33
The price for Stock X on June 23, 2020 at 10 a.m. was $12.5.
Which of the following is true?
a) On June 23, 2020, Stock X is 12.5% more than it was on June 23, 2019.
b) On June 23, 2020, Stock X is 21% more than it was on June 23, 2019.
c) On June 23, 2020, Stock X is 17.4% more than it was on June 23, 2019.
d) On June 23, 2020, Stock X is 17.4% less than it was on June 23, 2019.
e) On June 23, 2020, Stock X is 82.3% more than it was on June 23, 2019.
17) The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63.
The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13
Which of the following is true?
a) On June 23, 2020, Stock Y is 32.77% less than it was on June 23, 2019.
b) On June 23, 2020, Stock Y is 32.77% more than it was on June 23, 2019.
c) On June 23, 2020, Stock Y is 48.73% more than it was on June 23, 2019.
d) On June 23, 2020, Stock Y is 48.73% less than it was on June 23, 2019.
e) On June 23, 2020, Stock Y is 67.23% less than it was on June 23, 2019.
Homework Answers
Both the selected answers are CORRECT:
16) The price for Stock X on June 23, 2019 at 10 a.m. was $10.33
The price for Stock X on June 23, 2020 at 10 a.m. was $12.5.
The increase was ($ 12.5 - $ 10.33) / $10.33 = 21.01% or 21%
Answer (B) On June 23, 2020, Stock X is 21% more than it was on June 23, 2019;
17) The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63.
The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13
The decrease in the Price was ($ 7.63 - $ 5.13) / $7.63 = 32.77%
Answer (A) On June 23, 2020, Stock Y is 32.77% less than it was on June 23, 2019.
Add Answer to:
Note: I believe #16 is B and #17 is A. I want to verify these
and...
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