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Andru [333]
2 years ago
13

i) Baraka bought ksh.20,000 worth of shares of a company each month. During the first three months, he bought the shares at a pr

ice of ksh.120, ksh.160 and ksh.210.Compute the average price paid by him for the shares after 3 months​
Mathematics
1 answer:
Sladkaya [172]2 years ago
4 0

The average price paid by him for the shares after 3 months is ksh. 163.33

<h3>Average</h3>

  • Total value of shares bought = ksh.20,000

  • Amount of shares bought in the first three months = ksh.120, ksh.160 and ksh.210

Average price paid for the shares after 3 months

= (120 + 160 + 210) / 3

= 490 / 3

= 163.333333333333

Approximately,

ksh. 163.33

Learn more about average:

brainly.com/question/20118982

#SPJ1

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