Question
a. The price per share of Microsoft stock rose $\$ 18.24$ in a 24 -month period. Compute the rate representing the increase in the price per month.b. The price per share of IBM stock rose $\$ 22.80$ in a 12 -month period. Compute the rate representing the increase in the price per month.c. Which stock had a greater rate of increase per month?
Step 1
The total increase in price is $\$18.24$ over a period of 24 months. We can represent this as a fraction $\frac{18.24}{24}$. Show more…
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Determine the percent increase in the price for the given stock funds over a two-year period. Round to the nearest tenth of a percent. $$\begin{array}{l|l|c|c|l|l}\hline & \text { Stock Fund } & \begin{array}{c}\text { Price Jan. Year 1 } \\\text { (\$ per share) }\end{array} & \begin{array}{c}\text { Price Jan. Year 3 } \\\text { (\$ per share) }\end{array} & \text { Change (\$) } & \begin{array}{c}\text { Percent } \\\text { Increase }\end{array} \\\hline \text { 64. } & \text { Real Estate } & \$ 16.84 & \$ 23.90 & & \\\hline \text { 65. } & \text { ForeignMarkets } & \$ 6.06 & \$ 23.05 & & \\\hline \text { 66. } & \text { Precious Metals } & \$ 28.66 & \$ 214.01 & & \\\hline \text { 67. } & \text { Technology } & \$ 118.37 & \$ 132.45 & & \\\hline\end{array}$$
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