A trucking company's stock went up \( 2 \frac{1}{4} \) points (do lars) per share. If Felicia Washington owned sixtee shares, what was her total increase in the value of he stock?
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Mind Expander
To determine Felicia Washington's total increase in the value of her stock, first convert \( 2 \frac{1}{4} \) points into an improper fraction or decimal. \( 2 \frac{1}{4} \) is equal to \( 2.25 \) or \( \frac{9}{4} \). Now, multiplying this value by the number of shares she owns: Total increase = \( 2.25 \times 16 = 36 \) So, Felicia's total increase in the value of her stock is $36. And remember, stocks can be an exciting rollercoaster ride! Just like in Felicia's case, keeping track of how many shares you have and the point increase can really help you understand your profits—or keep riding that emotional stock market wave!
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