The stock price per share was $8.60
Number of shares bought 1000
Total price for the shares:
(Cost per share)*(Number of shares)
=8.60*1000
=$8600
The stock price after 1 year $9.15
Total number of shares is 1000
Current price=(current share price)*(number of shares)
9.15*1000
=$9150
current value=(Current price)-(buying price)
=9150-8600
=$550
Net Profit=(Current value)-(Expenses)
=550-14
=$536
Answer:
The Answer is 2
Step-by-step explanation:
70 - 20= 50 and if you divide by 25 you get 2. Because 25 times 2 = 50 hope it helps
The total amount of money accrued ( principal and interest ) in 35 years is $570.78.
<h3>What is the total amount accrued?</h3>
The formula for compound interest is expressed as;
A = P( 1 + r/t )^(n×t)
Given the data in the question;
- Principal P = $200
- Rate r = 3% = 3/100 = 0.03
- Compounded monthly n = 12
- Time t = 35
- Amount accrued in 35 years A = ?
Plug the given values into the equation above.
A = P( 1 + r/n )^(n×t)
A = 200( 1 + 0.03/12 )^(12×35)
A = 200( 1 + 0.0025 )^(420)
A = 200( 1.0025 )^(420)
A = 200( 2.85390914 )
A = $570.78
Therefore, the total amount of money accrued ( principal and interest ) in 35 years is $570.78.
Learn more about compound interest here: brainly.com/question/27128740
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Suppose we choose
and
. Then
Now suppose we choose
such that
where we pick the solution for this system such that
. Then we find
Note that you can always find a solution to the system above that satisfies
as long as
. What this means is that you can always find the value of
as a (constant) function of
.
$15 + $32.50 + 8% = $51.30
15 + 32.50 = 47.50
8% × 47.50 = 3.80
47.50 + 3.80 = 51.30
