21/100 is the answer. Hope this helped!
Answer:
See below
Step-by-step explanation:
The ratio of the secants is the same when set up as full length to external length.
Formula
MN/LN = QN/PN
Givens
LN = 22 + 14 = 36
MN = 14
PN = 32
QN = x
Solution
14/36 = x / (32) Multiply both sides by 32
14*32 / 36 = x Combine 14 and 32
448/36 = x Divide by 36 and switch
x = 12.4
Answers
PN (External) = 13 is the closest answer
Length LN = 36
Michael's initial investment is $45.80, the cost of the share.
Michael Receives $1.71 in dividends.
He receives $47.50 for the stock when he sells it.
His profit on the sale of the stock is $47.50 - 45.80 = $1.70.
His total return on the stock is his total earnings, the dividends plus his profits on the sale of the stock, divided on what he paid initially, $45.80:
(1.71 + 1.70) ÷ 45.80 = .0744 = 7.45%
7.45% return on investment in less than a year, not bad!
Closest answer is 7.7%, not sure why it isn't exactly 7.45 or 7.5%.
Answer is B) 7.7%
