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Neporo4naja [7]
3 years ago
7

McKenzie buys 240 shares of stock for $12 a share and pays a 1% commission. She sells the stock 3 years later for $18 a share an

d pays 2% commission. What are her net proceeds?
Mathematics
1 answer:
schepotkina [342]3 years ago
7 0

Answer:

The total amount made would be $1,324.80

Step-by-step explanation:

First we need to find the total amount invested. To find that, we multiply the price of the stock by the amount of shares.

$12 * 240 = $2,880

And then we need to add the commission. So we multiply by 1% and add that to the cost.

$2,880 * 1% = $28.80

$2,880 + $28.80 = $2,908.80

Now we follow the same process for the selling. First multiply the cost by the number of shares.

$18 * 240 = $4,320

This time, we subtract the commission.

$4,320 * 2% = $86.40

$4,320 - $86.20 = $4,233.60

Now we take the amount from the selling and subtract the total investment to see how much we made.

$4,233.60 - $2,908.80 = $1,324.80

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The question is ill-formatted. The understandable format is given below.

An SUV model's monthly sales are anticipated to rise at a rate of

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Given S'(t)=-24^{1/3} ... ... (1)

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a) We find S(t)

from S'(t)=-24^{1/3}

\implies \frac{dS(t)}{dt}=-24t^{1/3} ~~[\because X'(t)=\frac{dX}{dt} \\\implies dS(t) = -24t^{1/3}dt\\

On Integrating both sides

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Now, at t=0 then S(t)=1200

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S(t)=-18t^{4/3}+1200 ~...~...~(3)

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So, take S(t)=300

from eq (2) 300=-18t^{4/3}+1200

t^{4/3}=\frac{1200-300}{18}\\=\frac{900}{18}=50\\\implies t=50^{3/4}\\\implies t=18.8030

Hence the company will continue 18.8020 months.

Learn more about integration here-

brainly.com/question/18125359

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