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3 December, 00:13

Maddie buys stock that is worth $22 per share. On the first day, the value of the stock goes up 20%. On the second day, the value decreases by 10%. What is the value of each share at the end of the second day?

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  1. 3 December, 00:17
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    At the end of the second day, the value of the share is $23.76

    Step-by-step explanation:

    Maddie bought $22 worth of share

    20% increase of $22 share in the first day

    = 20/100 * 22

    = $4.40

    The total value at the end of the $22 + $4.40

    = $26.40

    On the second day, 10% decrease of $26.40 is

    = 10/100 * $26.4

    = $2.64

    At the end of the second date, the value of the share is $26.40 - $2.64

    = $23.76
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