at the end of the first quarter , the share price of a certain mutual fund was 20 percent higher than it was at the beginning of the year . at the end of the second quarter , the share price was 60 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 60 = 20 + b + 20 b / 100 b = 33.33 answer ( d )"
multiply(subtract(divide(add(const_100, 60), add(const_100, 20)), const_1), const_100)