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Sagot :
Answer:
The stock is now worth $247.17.
Explanation:
The initial worth of the stock = $200
If the price goes up 10% on Monday:
[tex]\begin{gathered} \text{The worth of the stock on Monday}=\frac{110}{100}\times200 \\ =\$220 \end{gathered}[/tex]If the price goes up 5% on Tuesday:
[tex]\begin{gathered} \text{The worth of the stock on Tuesday}=\frac{105}{100}\times220 \\ =\$231 \end{gathered}[/tex]If the price goes up 7% on Wednesday:
[tex]\begin{gathered} \text{The worth of the stock on Wednesday}=\frac{107}{100}\times231 \\ =\$247.17 \end{gathered}[/tex]The stock is now worth $247.17.
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