the price of a technology stock was $9.65 yesterday. today, the price rose to $9.72. find the percentage…

the price of a technology stock was $9.65 yesterday. today, the price rose to $9.72. find the percentage increase. round your answer to the nearest tenth of a percent.

the price of a technology stock was $9.65 yesterday. today, the price rose to $9.72. find the percentage increase. round your answer to the nearest tenth of a percent.

Answer

Explanation:

Step1: Calculate the amount of increase

$9.72 - 9.65= 0.07$

Step2: Calculate the percentage increase

The formula for percentage increase is $\frac{\text{increase}}{\text{original amount}}\times100%$. So, $\frac{0.07}{9.65}\times 100% \approx 0.7254%$.

Step3: Round to the nearest tenth of a percent

Rounding $0.7254%$ to the nearest tenth of a percent gives $0.7%$.

Answer:

$0.7%$