A stock for a company is worth $75. The next year at the same time, it is worth $88. What is the average rate of change per month of that stock?

Name: A stock for a company is worth $75. The next year at the same time, it is worth $88. What is the average rate of change per month of that stock?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When calculating the rate of increasing value, first we find the amount the value changed: $88 - $75 = $13 Then we divide the change in value by the time: ^$13/_{12 months} = $1.08 each month

A Stock for a Company Is Worth $75