How do I do question 9 b?
1 answer:
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Answer:
20.7%
Step-by-step explanation:
Amount of stock increased in Company A = 20% of 1790
= 0.20 * 1790 = $ 358
Investor's stock in company A this year = 1790 + 358 = $ 2148
Amount of stock increased in Company B = 22% of 1000
= 0.22 * 1000= $ 220
Investor's stock in company B this year = 1000 + 220 = $ 1220
Total amount in investor's stock account = 2148 + 1220 = $ 3368
Increased amount = 3368 - 2790 = $ 578
Increase percentage = = 20.71
= 20.7%