Asked by Melissa Plata on May 19, 2024
Verified
The price of Bionex Inc. shares rose by 25% in each of 2 successive years. If they began the 2-year period at $12 per share, what was the percent increase in price over the entire 2 years?
Percent Increase
The proportionate growth of a value over time, expressed as a percentage of the initial amount.
Successive Years
A term used to describe years that follow one after another without interruption.
- Examine how the frequency of compounding influences the expansion or decrease of an investment.
Verified Answer
CP
Learning Objectives
- Examine how the frequency of compounding influences the expansion or decrease of an investment.
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