Answer:
The annual interest rate of return during his investment was 12.28%.
Step-by-step explanation:
Since Julio purchased 1,700 shares of a certain stock for $ 23,750 including commissions, and I have sold the shares 3 years later and received $ 32,500 after deducting commissions, to find the effective annual rate of return on his investment over the 3-year period the following calculation must be performed:
23,750 = 100
32,500 = X
32,500 x 100 / 23,750 = X
3,250,000 / 23,750 = X
136.84 = X
(136.84 - 100) / 3 = X
36.84 / 3 = X
12.28 = X
Therefore, the annual interest rate of return during his investment was 12.28%.
To find whether 1/2 is greater than 1/3, it is important to convert them to decimals. By converting them to decimals, we can visually understand the number that is greater.
1/2 = 0.5
1/3 = 0.33
So from the above deduction we can conclude that 1/2 is greater than 1/3. I hope the procedure is not that complicated for you to understand. You can always use this procedure for finding the answer to similar kind of questions in future without requiring any help from anyone else.
Answer:
<h2>L= 7.75 m</h2>
Step-by-step explanation:
<em>This problem bothers on the mensuration of solids, cube</em>
Step one:
The volume of the tanks will hold 60L of water
hence the volume of the tank is 60L
we know that the expression for the
volume of cube = L*L*L
Volume of cube = L^3
60= L^3
L= √60
L= 7.7459
To the nearest 0.01m we have L= 7.75 m
Answer:
x=7
Step-by-step explanation:
Solve the absolute value and you immediately find that both sides have to equal zero.
-2.759= 0.25p
p = -2.759/ 0.25
p = 11.036
