Step-by-step explanation:
stating the ratios as fractions, setting the two fractions equal to each other, cross-multiplying, and solving the resulting equation
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%
Step-by-step explanation:
5000 x 3 + 3.5% of 5000 x 3 = the answer
the answer for x is 1 because 1/3 should be multiplied by x and x is one
2/8 or 1/4 it says i need 20 characters so 1245yvceuigf
