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