exotickkk
Answered

The current price per share of Corporate Mutual Fund is $14.35. The daily return rate is +0.9 percent. What was the price per share yesterday?


$14.54


$14.14


$14.44


$14.24

Verified Answer :

lewistech

The right answer is 14,22 but if I had to choose one from here it would be the nearliest, 14,24.
the operation is: 14,35/1,009=14,22202

Answer:

Option d $14.24

Step-by-step explanation:

The current price per share of Corporate Mutual Fund = $14.35

The daily return rate in profit = 0.9%

So price per share yesterday would be = 14.35 - (0.9/100) × 14.35

= 14.35 - 0.009 × 14.35

= 14.35 - 0.12915 = 14.22

Price per share yesterday was $14.22

If we go to these options option d is the nearest to $14.24

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