Answer:
$671.25
Step-by-step explanation:
To get the amount by which the stock have reduced after 2 years, we will use the interest formula;
Interest = Principal * rate * time/100
Interest = 750*5 1/4 * 2/100
Interest = 750*21*2/400
Interest = $78.75
This means that the value of the stock has reduced by $78.75 after 2 years;
Amount that the stock worth now = $750 - $78.75
Amount that the stock worth now = $671.25
