SOLUTION: If you bought a stock last year for a price of $36, and it has gone down 5.3% since then, how much is the stock worth now, to the nearest cent?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: If you bought a stock last year for a price of $36, and it has gone down 5.3% since then, how much is the stock worth now, to the nearest cent?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1067809: If you bought a stock last year for a price of $36, and it has gone down 5.3% since then, how much is the stock worth now, to the nearest cent?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
36 = 100%
down: 5.3%
Worth:100-5.3 = 94.7% or 0.947
Multiply 36*0.947 to find your answer