If you bought a stock last year for a price of $141, and it has risen 1.8% since then,

how much is the stock worth now, to nearest cent?

Current worth of stock is $141.538

Current worth of stock rounded to nearest cent is $142

Step-by-step explanation:

price of stocks = $141

percentage increase in price of stocks = 1.8% of initial price of stock

dollar value increase in price of stocks = 1.8% of initial price of stock

increase in price of stocks = 1.8% of $141

increase in price of stocks = 1.8/100 * $141 = $ 253.8/100 = $2.538

Current worth of stock = initial price of stock+increase in price of stocks

substituting the value of initial price of stock and increase in price of stocks we have

Current worth of stock = $141 + $2.538 = $141.538

Since we need to find stock worth now, to nearest cent, as after decimal there. 5 and any value greater than or equal to. 5 is rounded to one then after rounding, $141.538 becomes $142