Answer:
$954.78
Step-by-step explanation:
Since it increases by 8.5%, all you have to do is multiply 879.98 by 1.085.
879.98 * 1.085 = $954.7783 = $954.78 (you always have to round to two decimal places with money)
Answer:
The original amount deposit is $1641627.68.
Step-by-step explanation:
Given : If your balance after 8 years in the bank at a rate of interest of 11%% is 3783193.
To find : How much was your original deposit?
Solution :
Applying interest formula,

Where, A is the amount i.e. A=$3783193
P is the principal value i.e. the original deposit
r is the interest rate r=11%=0.11
t is the time t=8 years.
Substitute the value in the formula,





Therefore, The original amount deposit is $1641627.68.
The maximum possible profit = $7068
For given question,
One Microsoft July $72 put contract for a premium of $1.32
The payoff arise from put option is max (K - S, 0) - P
Now it would be maximum at S = 0
And, the maximum payoff is
K - 0 - P
= K - P
= 72 - 1.32
= $70.68
We assume that for each and every contract the number of shares is 100
So, the maximum profit gained from this strategy is
= $70.68 × 100 shares
= $7068
The maximum profit that will be gained from this strategy is $7068
Therefore, the maximum possible profit = $7068
Learn more about the profit here:
brainly.com/question/20165321
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Answer:
a) Add 4 to both sides, and then divide by 2. The solution is
.
Step-by-step explanation:
Question:
Which of the following describes the correct process for solving the equation 2x − 4 = 20 and arrives at the correct solution?
a) Add 4 to both sides, and then divide by 2. The solution is x = 12.
b) Divide both sides by −4, and then subtract 2. The solution is x = −7.
c) Subtract 4 from both sides, and then divide by 2. The solution is x = −12.
d) Multiply both sides by −4, and then divide by 2. The solution is x = −40.
Solution:
Given equation:

We need to determine the steps in order to solve for
.
Solving for
.
Step 1: Adding 4 both sides.


Step 2: Dividing both sides by 2.

∴ 
Thus, we added 4 both sides and then divided both sides by 2 to get solution = 12
Easy divide the numbers 310 and 40 like this
310÷40
ANSWER
7.75