Calculate the loss on selling 50 shares of stock originally bought at 133/4 and sold at 12. A. $687.50 B. $87.50 C. $600.00 D. $
2 answers:
Answer:
Option B. $87.50
Step-by-step explanation:
In this question selling price of 50 shares $12 per share and cost price is $12 per share.
Now we have to calculate the loss incurred in selling these shares.
Per share loss = (costing price - selling price)
loss = 13 - 12 =
- 12 = 13.75 - 12 = $1.75
Therefore total loss incurred in selling 50 shares = $1.75 × 50
= $87.50
Therefore Option B. $87.50 is the correct answer.
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Answer:
$203.02
Step-by-step explanation:
Since the bank in question compounds interest continuously, the following equation should be used to determine the final balance (B) in April's account:
Where "e" is a mathematical constant approximated as 2.7183, "i" is the interest rate (1.5%) and "t" is the investment time in years (1):
April's balance would be $203.02 after one year.