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marta [7]
3 years ago
14

Compute the total and annual return on the following investment Two years after paying 53500 for shares in a startup company you

set the shares for $3300 (at a loss) The total return is Do not round until the final answer. Then found to the nearest tonth as needed
Mathematics
1 answer:
wel3 years ago
4 0

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 = \frac{\textup{50,200}}{\textup{2}} = -$25100

Hence,

Rate of return = \frac{\textup{Loss per year}}{\textup{Cost of buying}}\times100

or

Rate of return = \frac{\textup{-25100}}{\textup{53,500}}\times100

or

Rate of return = -46.91%

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==================================================================<em>Hope I Helped, Feel free to ask any questions to clarify :) </em>

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Evaluate the expression when a=10,b=9, and c=4.<br> 3a+2b−6c =
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6 0
2 years ago
Jake is using a horse trailer to take his horses to his new ranch. 1 Horse= 1,200 lb Trailer= 2,700 lb Jake's truck can tow a ma
Kitty [74]

Answer:

Jack can take only 1 horse on his trailer to be towed by the truck without going over the maximum weight the truck.

Step-by-step explanation:

Given:

Weight of 1 horse = 1,200 lb

Weight of trailer = 2,700 lb

Jacks'truck can tow a maximum of 5000 pounds.

To find the maximum number of horses Jack can take in his trailer without going over the maximum weight his truck can tow.

Solution:

Let the maximum number of horses that Jack can take be = x

Using unitary method to find weight of x horses.

If 1 horse weights = 1,200 lb

Then x horses will weight in lbs = 1,200\times x = 1,200x

Total weight of horses and trailer in lbs = 1200x+2700

Since the maximum weight the truck can tow = 5,000 lb, so the inequality can be given as:

1200x+2700\leq5000

Subtracting both sides by 2700.

1200x+2700-2700\leq5000-2700

1200x\leq2300

Dividing both sides by 1200.

\frac{1200x}{1200}\leq\frac{2300}{1200}

x\leq1.91

From the inequality solution for x, we can conclude that Jack can take only 1 horse on his trailer to be towed by the truck without going over the maximum weight the truck.

3 0
3 years ago
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