Question

Please be aware that your answer must include any commas or decimals in their proper places in order to be correct. Round to the nearest penny.
You invest $2,500.00 in a stock plan, buying 125 shares. If each share increases in value by 10%, how much is each share worth?

Answer 1

Each share is worth $22.73.

Calculation:
$2,500.00 / 125 shares = $20.00 per share
$20.00 x 0.10 = $2.00 increase per share
$20.00 + $2.00 = $22.00 per share

Therefore, each share is worth $22.73.