3
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Personal Assets — Quiz

Question 3 • Advanced Financial Algebra

A stock was valued at $⁢85 per share last year and is now trading at $⁢122 per share. What is the percent increase in its value?

Answer
A
33 point 3 percent
B
35 percent
C
43 point 5 percent
D
30 point 3 percent

Explanation

The increase in value is $122 − $85 = $37 per share. Divide the increase by the original value and multiply by 100: ($37 ÷ $85) × 100 ≈ 43.5%, so the correct choice is 43.5 percent.

AI-written and checked against the verified answer.

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