Answer:
Add ak190 smart answer
Step-by-step explanation:
Answer: 9$
Step-by-step explanation:
kyle has x dollars. Sean has x+8 dollars. They equal 26. 2x+8=26
2x=18
x=9
Answer:
idk
Step-by-step explanation:
Answer:
It is 6%
Explanation:
The stock that is bought by Rick Mendez: 5,000
Own money used to buy: 2,500
Borrowed money: 2,500
Interest on borrowed money : 30
Brokerage commissions: 300
The stock is sold after one month: 5,650
Now first calculate the net profit = Selling price of stock – cost price of stock – Interest on borrowing – commission
5,650-5,000-30-300=320
Now calculate the rate of return = Net profit / cost of stock
320/5,000=.06
.06 or 6%