Cheryl invested 1000$ on monday.each day after that stock increased 1% of original value. on Wednesday she was charged an administrative fee 10$. at the end of each day what will be the graph of each day.

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Answer:

Cheryl Invested $1,000 on Monday. Each day after that the stock Increased by 1% of Its original value. On Wednesday she was charged an administrative fee of $10.

Stock Account Value Cheryl invested $1000 on Monday. Each day after that the stock increased by 16 of its original value. On

Answer:Cheryl Invested $1,000 on Monday. Each day after that the stock Increased by 1% of Its original value. On Wednesday she was charged an administrative fee of $10.

Stock Account Value Cheryl invested $1000 on Monday. Each day after that the stock increased by 16 of its original value. On

Answer:End of Monday – > 1000

End of Tuesday – > 1000+ (0.01)(1000) = 1010

End of Wednesday – > 1010 + (0.01)(1000) – 10 = 1010 (We have to pay the $10 fee, which is reduced from the value of the stock)

End of Thursday = 1010 + (0.01)(1000) = 1020

End of Friday = 1020 + (0.01)(1000) = 1030