Convert the stock price to decimal notation and to decimal notation rounded to the nearest hundredth.
-The stock price of a bank rose to $\$ 42 \frac{7}{8}$ per share after a merger with another bank.
A) $\$ 42.875 ; \$ 42.88$
B) $\$ 42.825 ; \$ 42.83$
C) $\$ 42.875 ; \$ 42.87$
D) $\$ 42.825 ; \$ 42.82$

Question

Quizplus · Accepted Answer

The fraction $\frac{7}{8}$ converted to decimal is 0.875, so the stock price in decimal notation is \$42.875. Rounded to the nearest hundredth, \$42.875 becomes \$42.88.

Convert the Stock Price to Decimal Notation and to Decimal $4278\$ 42 \frac{7}{8}$4287​

Convert the Stock Price to Decimal Notation and to Decimal $\$ 42 \frac{7}{8}$