The value of a stock increased 1 ¼ points Monday morning. On Monday afternoon, the value of the stock decreased 1 ⅔ points. On Tuesday morning, the value increased 1 ½ points. What is the overall change in the stock’s value?

Respuesta :

Answer:

[tex]Change = 1\frac{1}{12}[/tex]

Step-by-step explanation:

Given

[tex]Increment = 1\frac{1}{4}[/tex]

[tex]Decrement = 1\frac{2}{3}[/tex]

[tex]Increment = 1\frac{1}{2}[/tex]

Required

Determine the overall change

The overall change is calculated by adding all increments and subtract the decrement.

This is done as follows;

[tex]Change = 1\frac{1}{4} - 1\frac{2}{3} + 1\frac{1}{2}[/tex]

Convert to Improper Fraction

[tex]Change = \frac{5}{4} - \frac{5}{3} + \frac{3}{2}[/tex]

Take LCM

[tex]Change = \frac{15 - 20 + 18}{12}[/tex]

[tex]Change = \frac{13}{12}[/tex]

Convert to mixed number

[tex]Change = 1\frac{1}{12}[/tex]

Hence; the overall change is an increment of [tex]1\frac{1}{12}[/tex]