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25 March, 14:36

Two years ago, Paul bought $350 worth of stock in a cell phone company. Since then the value of his stock has been increasing at an average rate of 9 % per year. How much is the stock worth now?

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Answers (2)
  1. 25 March, 14:51
    0
    Answer: The difference for the annual 9% increase is 31.5 The answer is $413.

    Step-by-step explanation:

    Since Paul bought his stock two years ago, the total difference is $63. 350+63=$413.
  2. 25 March, 15:00
    0
    The stock is now worth $415.84.
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