Solve the problem.
-Lin purchased shares of a stock for $\$ 1.12$ per share forty years ago. Today the stock is worth $\$ 524.09$ per share. Lin says the ratio of what the stock is worth now to what the stock was worth when she purchased it is greater than $25,000 \%$. Is Lin correct?

Question

Quizplus · Accepted Answer

The ratio of the current stock price to the original price is $\frac{524.09}{1.12} \approx 467.94$, which is equivalent to a percentage increase of $46,694\%$, greater than $25,000\%$.

Solve the Problem $1.12\$ 1.12$1.12 Per Share Forty Years Ago $524.09\$ 524.09$524.09

Solve the Problem $\$ 1.12$ Per Share Forty Years Ago $\$ 524.09$