the price of a technology stock has risen to $9.84 today. yesterdays price was $9.71. find the percentage…

Explanation:

Step1: Calculate the increase amount

$9.84 - 9.71=0.13$

Step2: Calculate the percentage increase

The formula for percentage increase is $\frac{\text{increase amount}}{\text{original amount}}\times100%$. Here, the original amount is yesterday's price $9.71$. So the percentage increase is $\frac{0.13}{9.71}\times 100%$. $\frac{0.13}{9.71}\times100%=\frac{13}{9.71}\approx1.34%$

Step3: Round to the nearest tenth of a percent

Rounding $1.34%$ to the nearest tenth of a percent gives $1.3%$

Answer:

$1.3%$