Annette Cook has stocks currently valued at $16,250. Her stock value has decreased by 8.5% over the

Question:

Annette Cook has currently valued at $16,250. Her stock value has decreased by 8.5% over the last three years. Find the value of her stock three years ago.
P = RB
P = 8.5% ($16,250)
P = 0.085 ($16,250) $16,250 + $1,381.25 = $17,361.25
P = $1,381.25
The stock was valued at $17,631.25 three years ago.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...