The stock price per share was $8.60
Number of shares bought 1000
Total price for the shares:
(Cost per share)*(Number of shares)
=8.60*1000
=$8600

The stock price after 1 year $9.15
Total number of shares is 1000
Current price=(current share price)*(number of shares)
9.15*1000
=$9150
current value=(Current price)-(buying price)
=9150-8600
=$550

Net Profit=(Current value)-(Expenses)
=550-14
=$536

6 0

3 years ago

Beginning with an integer $n,$ Jake goes through the following steps: $\bullet$ 1. Take the reciprocal of the starting number. $

evablogger [386]

Answer: n= 32

Jakes started with 32

Step-by-step explanation:

Let n represent the initial integer.

Step 1: take the reciprocal.

Reciprocal of n = 1/n

Step 2: double the number obtained in step 1

= 2×1/n = 2/n

Step 3: take the reciprocal of the number obtained in step 2.

Reciprocal of 2/n = n/2

Since he ended up with 16

n/2 = 16

n = 2×16 = 32

4 0

3 years ago

Read 2 more answers

P (D) = .42, P (E) = .27, and P (D ∩ E) = .15 P (D U E)

Paul [167]

We know that $P(D\cap E)=P(D)P(E)=\boxed{0.1134}$ .

And $P(D\cup E)=P(D)+P(E)-P(D\cap E)=\boxed{0.5766}$ .

Hope this helps.

6 0

3 years ago

Help! from usa test prep.

kipiarov [429]

Answer:

5 units

Step-by-step explanation:

If you look at AC that has 4 units and DE is close to 4 units but a little bigger by a unit

3 0

3 years ago