Question

Lenny bought x shares of stock for Sy per share last month. He paid

Answer 1

Lenny's net proceeds algebraically are found as;$\rm |xy + 20 - \frac{98}{100} |$

What is the equation?

A mathematical statement consisting of an equal symbol between two algebraic expressions with the same value is known as an equation.

Let the bought share will be $ x, and $y is the price per share

Paid fees to the broker = $ 20

The total amount spent = $(xy+20)

The price at which each share sells = $ A

Broker commission = 2 %

The total amount obtained after selling the shares;

⇒ ax - 2% of ax

⇒ 98 % of ax

Hence, Lenny's net proceeds algebraically are found as;$\rm |xy + 20 - \frac{98}{100} |$

To learn more, about equations, refer;

brainly.com/question/10413253

#SPJ1