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Viktor [21]
3 years ago
11

Two years ago, Paul bought $350 worth of stock in a cell phone company. Since then the value of his stock has been increasing at

an average rate of 9 3/4% per year. How much is the stock worth now?
Please explain your answer.
Mathematics
1 answer:
zalisa [80]3 years ago
5 0

Answer: $384.13 ( rounded)

Original number: $384.125

Step-by-step explanation:

Find 9.75% of Paul's original stock, to find out how much it increased.

9.75*350/100=34.125

Add $34.125 to his original stock.

$384.125

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Read 2 more answers
-6x-14y=-20<br> -3x-7y=-10
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ANSWER:

x = 10 / 3

y = 0

STEP-BY-STEP EXPLANATION:

We will be using simultaneous equations to solve this problem. Let's first establish the two equations which we will be using.

Equation No. 1 -

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Equation No. 2 -

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First, we will make ( x ) the subject in the first equation and simplify accordingly.

Equation No. 1 -

- 6x - 14y = - 20

- 6x = - 20 + 14y

x = ( - 20 + 14y ) / - 6

x = ( - 10 + 7y ) / - 3

From this, we will make ( y ) the subject in the second equation and substitute the value of ( x ) from the first equation into the second equation to solve for ( y ) accordingly.

Equation No. 2 -

- 3x - 7y = - 10

- 7y = - 10 + 3x

- 7y = - 10 + 3 [ ( - 10 + 7y ) / - 3 ]

- 7y = - 10 + [ ( - 30 + 21y ) / - 3 ]

- 7y = - 10 + ( 10 - 7y )

- 7y = - 7y

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0y = 0

y = 0

Using this, we will substitute the value of ( y ) from the second equation into the first equation to solve for ( x ) accordingly.

x = ( - 10 + 7y ) / - 3

x = [ - 10 + 7 ( 0 ) ] / - 3

x = [ - 10 + 0 ] / - 3

x = - 10 / - 3

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