Answer:
$127.60
Step-by-step explanation:
If Lisa bought 30 shares of stock at $54.02 per share, total cost price will be:
30×$54.02
= $1620.6
If she then sold her shares at $58.19 per share, her total selling price will be:
30×$58.19
= $1745.7
Profit = selling price - cost price
Profit = $1745.7-$1620.6
Profit = $125.1
If her broker charges a 2% commission for all transactions, her total charge will be:
2% of $125.1
= $2.50
Her net gain = profit + broker's charge
= $125.1+$2.50
= $127.60
Answer: $15
There are about 4 weeks in a month, so if you spend $60 per month, you would spend 1/4 of that every week.
60/4= $15
Hello there! I can help you! The formula for compound interest is P(1 + r)^t, where P= principal (initial amount), r = interest rate (in decimal form), and t = time (in years). Let's do this step by step. First off, we add the rate into 1. 4% is the interest rate (0.04 in decimal form). 1 + 0.04 is 1.04. Now, what we will do is raise that number to the 2nd power, because the time that elapses is 2 years. 1.04² is 1.0816. That's that. Now, multiply 7,500 to find the total amount of money. 1.0816 * 7,500 is 8,112. There. Toby's savings account balance in 2 years is £8,112.
Note: To solve for compound interest questions like it, add 1 to the percentage rate in decimal form, raise that number to a power based on the number of years (for example, raise the number to the 7th power if we are looking for the balance after 7 years), and then multiply that number by the starting amount. After you raise the number by a power, there may be a lot of numbers behind it. Whatever you do, DO NOT delete the number. Keep it there and multiply it by the principal.
