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The stock of Company A gained $0.21 throughout the day and ended at a value of $3.71. By what percentage did the stock rise? Answer:

The stock of Company A gained \$\(0\).\(21\) throughout the day and ended at a value of \( \$ 3.71 \). By what percentage did the stock rise?\(\newline\)Answer:

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Q. The stock of Company A gained \$\(0\).\(21\) throughout the day and ended at a value of \( \$ 3.71 \). By what percentage did the stock rise?\(\newline\)Answer:
  1. Calculate Increase Percentage: To find the percentage increase, we need to divide the amount of increase by the original value and then multiply by 100100 to convert it to a percentage.\newlineThe amount of increase is $0.21\$0.21.\newlineThe final value is $3.71\$3.71.\newlineTo find the original value, we subtract the increase from the final value:\newlineOriginal value = Final value - Increase\newline= $3.71\$3.71 - $0.21\$0.21\newline= $3.50\$3.50
  2. Find Original Value: Now we calculate the percentage increase using the formula:\newlinePercentage increase = (Increase/Original value)×100(\text{Increase} / \text{Original value}) \times 100\newline= ($0.21/$3.50)×100(\$0.21 / \$3.50) \times 100\newline= 00.0606 \times 100100\newline= 66\%

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