at the end of the first quarter , the share price of a certain mutual fund was 30 percent higher than it was at the beginning of the year . at the end of the second quarter , the share price was 50 percent higher than it was at the beginning of the year . what was the percent increase in the share price from the end of the first quarter to the end of the second quarter ?
"another method is to use the formula for 2 successive percentage changes : total = a + b + ab / 100 50 = 30 + b + 30 b / 100 b = 15.3 answer ( a )"
multiply(subtract(divide(add(const_100, 50), add(const_100, 30)), const_1), const_100)