Convert the stock price to decimal notation and to decimal notation rounded to the nearest hundredth.
-The stock price of a company specializing in renewable forms of energy rose last year to $\$ 66 \frac{7}{16}$ per share.
A) $\$ 66.4375 ; \$ 66.44$
B) $\$ 66.4325 ; \$ 66.44$
C) $\$ 66.4375 ; \$ 66.43$
D) $\$ 66.4325 ; \$ 66.43$

Question

Quizplus · Accepted Answer

To convert the fractional part of the stock price to decimal notation, divide 7 by 16, which equals 0.4375. Therefore, the stock price in decimal notation is $66.4375. When rounded to the nearest hundredth, $66.4375 rounds up to $66.44.

Convert the Stock Price to Decimal Notation and to Decimal $66716\$ 66 \frac{7}{16}$66167​

Convert the Stock Price to Decimal Notation and to Decimal $\$ 66 \frac{7}{16}$