SOLUTION: A stock grows by 5% on 3 consecutive days. By what percent has it grown above its starting price? Round your answer to the nearest tenth of a percent.

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Question 1067575: A stock grows by 5% on 3 consecutive days.
By what percent has it grown above its starting price?
Round your answer to the nearest tenth of a percent.

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Scale the initial value to +1+
after 1st day, it's value is
+1+%2B+.05+=+1.05+
After 2nd day,

+1.05%5E3+
You can do this on calculator