21 February, 10:51
A stockholder owns 381.881 shares. By the end of the year, he had increased his number of shares by 14.814. What's the new total of shares owned by the stockholder?
21 February, 12:43
From my understanding, the question says that the shares were increased by 14.814%.
Therefore, we have to calculate the increase
Step 1: Calculate the increase
Previous shares : 381.881
Increase : 14.814%
Increase = 381.881 x 14.814% = 56.572
Step 2: Calculate the new total shares
New shares = 381.881 + (381.881 x 14.814%)
New shares = 381.881 + 56.572
News shares = 438.453
Therefore, the new total shares owned by the stockholder are 438.453 shares.
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» A stockholder owns 381.881 shares. By the end of the year, he had increased his number of shares by 14.814. What's the new total of shares owned by the stockholder?