Answer:
0.15 or 15%
Step-by-step explanation:
If the price of a stock rose 3/4 on a point, it means that 1x became 1,75x (x + 3/4x). X is the price of the stock here.
To calculate how much the price went up each day on average, we will create exponential equation.
x = price of the stock
y = average daily change
[tex]x*y^{4} =1.75x[/tex] divide by x
[tex]y^{4} = 1.75[/tex]
We will calculate it using logarithms.
y = 1.15016, rounded to 1.15
We see that the stock goes up 0.15 points every day.If we multiply it by 100%, we get 15%
