isaac0500366 isaac0500366

20-06-2017
Mathematics

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The price of a share of a company is $20 before the trading open on Monday. The price rises 10% on Monday and falls 10% on Tuesday. The share price at the end of Tuesday is $_________.

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mreijepatmat mreijepatmat

20-06-2017

Monday morning: share = $20
Monday evening: share = $20 + 10% of $20 = $22
Tuesday morning: share = $22
Tuesday evening: share = $22 - 10% of $22 = 22 -2.2 = $19.8

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