Michael's initial investment is $45.80, the cost of the share.
Michael Receives $1.71 in dividends.
He receives $47.50 for the stock when he sells it.
His profit on the sale of the stock is $47.50 - 45.80 = $1.70.
His total return on the stock is his total earnings, the dividends plus his profits on the sale of the stock, divided on what he paid initially, $45.80:
(1.71 + 1.70) ÷ 45.80 = .0744 = 7.45%
7.45% return on investment in less than a year, not bad!
Closest answer is 7.7%, not sure why it isn't exactly 7.45 or 7.5%.
Answer is B) 7.7%
Step-by-step explanation:
The key to solving word problems is in translation: turning word into math
Below is a general approach to most/any word problem
1. Read through the whole question once, without lingering over details, to get some sense of the overall problem
2. identify and label the variables or unknowns in a way that makes it easy to remember what they stand for.
3. translate the problem into one or more equations, sentence by sentence, and be careful of the order in which you translate the terms
4. solve the equation(s)
5. check your work
Answer:
SSS
Step-by-step explanation:
Hello!
Recall that:
![\sqrt[z]{x^{y} }](https://tex.z-dn.net/?f=%5Csqrt%5Bz%5D%7Bx%5E%7By%7D%20%7D)
is equal to 
. Therefore:
![\sqrt[3]{x^{2} } = x^{\frac{2}{3} }](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7Bx%5E%7B2%7D%20%7D%20%3D%20x%5E%7B%5Cfrac%7B2%7D%7B3%7D%20%7D)
There is also an exponent of '6' outside. According to exponential properties, when an exponent is within an exponent, you multiply them together. Therefore:
