Answer:
22.7%
Explanation:
Given that last year stock for company A was $7200
The stock for company B last year was worth $3510
Stock in company A decreased by 24%
This means the new value of stock for company A became;
(100-24)/100 *$7200
76/100*$7200
0.76*7200 =$5472
Stock in company B decreased by 20%
This means the new value of stock for company B became;
(100-20)/100 *$3510
80/100*$3510
0.8*$3510
$2808
Original investors stock value was = $7200+$3510 =$10710
New investors stock value is = $5472+$2808=$8280
Decrease in value of stock = $10710-$8280 =$2430
percentage decrease in stock value = decrease in stock/original value of stock *100%
=2430/10710 *100 =22.689
=22.7%
Comment
There are 4 terms in this series
That's because the summation (Sigma) goes from 3 to 6 inclusive. So k takes on values of 3,4,5,6
You could use this summation formula
Formula
Sum = (a + L)n/2
Substitution
a is the first term.
k = 3 for the first term
a = -5k + 20
a = -5(3) + 20
a = -15 + 20
a = 5
For the last term k = 6
L = -5(6) + 20
L = -30 + 20
L = - 10
Sum
Sum = (5 - 10)*4/2
Sum = -5 * 2
Sum = -10
Comment
You may wonder how come the last term and the sum are the same. The reason to be found by figuring out the 4 terms and adding them together.
When k = 3, -5k + 20 = -15 + 20 = 5
When k = 4, -5k + 20 = -20 + 20 = 0
When k = 5, -5k + 20 = -25 + 20 = -5
When k = 6, -5k + 20 = -30 + 20 = -10
Sum = 5 + 0 - 5 - 10 = - 10
Conclusion.
It is an accident of the numbers.
Answer: - 10 = the Sum
Answer:
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Step-by-step explanation:
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Answer:
Step-by-step explanation:
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19. $30,681.82
20. Find surface area for this one
21. Use geometry
