To evaluate the value of a stock after an increase of
Given that the stock is worth
- Calculate the increase:
- Start by expressing
of the stock's current value. - This can be done by multiplying
by :
- Start by expressing
- Add the increase to the original value:
Now, you can write an addition expression to find the new value of the stock after the increase:
- Evaluate the expression:
Thus, the stock is worth
How to know you have the correct expression:
- Identify the original stock value: Knowing that the original stock value is
. - Determine the appropriate fraction for the increase: Here, we need to find
of that value. - Write the addition expression: Combine the original stock value with the calculated increase to find the new total.
- Mathematical integrity: The process involves basic arithmetic operations, and since we ensured to multiply by
correctly, our method is sound.
Finally, checking your answer with different methods (like converting to improper fractions or decimals, where applicable) can also help verify correctness.