Luis bught stock at $82.60. The next day, the price increased $19.00. This new price
2 answers:
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Answer:
-46.91%
Step-by-step explanation:
Given:
Cost of buying the shares = $53,500
Selling cost of the shares = $3,300
Number of years = 2
Since the selling cost is less than the buying cost, therefore the statement for the loss can be verified
Now,
The loss = Selling cost - cost of buying = $3,300 - $53,500 = - $50,200
thus, the loss per year = = -$25100
Hence,
Rate of return =
or
Rate of return =
or
Rate of return = -46.91%
By applying the knowledge of similar triangles, the lengths of AE and AB are:
a.
b.
<em>See the image in the attachment for the referred diagram.</em>
<em />
- The two triangles, triangle AEC and triangle BDC are similar triangles.
- Therefore, the ratio of the corresponding sides of triangles AEC and BDC will be the same.
<em>This implies that</em>:
- AC/BC = EC/DC = AE/DB
<em><u>Given:</u></em>
<u>a. </u><u>Find the length of </u><u>AE</u><u>:</u>
EC/DC = AE/DB
- Plug in the values
- Cross multiply
- Divide both sides by 5.4
<u>b. </u><u>Find the length of </u><u>AB:</u>
AC = 6.15 cm
To find BC, use AC/BC = EC/DC.
- Plug in the values
- Cross multiply
- Thus:
- Substitute
Therefore, by applying the knowledge of similar triangles, the lengths of AE and AB are:
a.
b.
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