Suppose that a stock's price is $48 at the end of Day 1.

Suppose that a stock’s price is $48 at the end of Day 1. If the price of the stock increases by 30% during Day 2, 20% during Day 3 and then decreases by 5% during Day 4, what is the total percentage change in the stock price during these 3 days?

Calculating total percentage changeDay growth rate1234 Stock price$4830%$62.4020%$74.88-5%$71.14 Total percentage change in priceduring the 3 days 48.20%