If you paid $14 for 600, you paid:
600 * 14 = $8,400.00
If you sold them for $15.30 a share, you made:
600 * 15.30 = $9,180
9,180 - 8,400 = $780
The return on the investment being $780
Very very safe investment and not worth it.
Answer:
D is your answer.
Step-by-step explanation:
if you do 2 numbers to the right you get 3 and now the half would go in between 3 which would make your answer 3 and one half
It takes 3 years for the balance of account to be $ 221
<em><u>Solution:</u></em>
From given information,
Principal = $ 200
Rate of interest = 3.5 %
Amount after "n" years = $ 221
To find: number of years
In simple Interest,
Simple interest = amount earned - principal
Simple interest = 221 - 200 = 21
Thus simple interest earned is $ 21
<em><u>The formula for simple interest is given as:</u></em>
Where,
p is the principal
n is the number of years
r is the rate of interest per annum
Substituting the given values in formula,
Thus it takes 3 years for the balance of account to be $ 221
Answer:
I think the answer is of first one.
Step-by-step explanation:
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