Option C: 600 shares worth $16.67 each is the correct answer
Step-by-step explanation:
In the share market, a 2 to 3 split(mentioned in the question) means that the share holders get one half of already owned shares and the price of each share declines by one-third.
Given
Jim's shares = s = 400
Price per share =p = $25
First of all we will calculate the new shares:
Let sn be the number of new shares
As explained above
Now the news price will be:
The new number of shares will be 600 and the price of each share will be: $16.67
Hence,
Option C: 600 shares worth $16.67 each is the correct answer
Keywords: Shares, 2-to-3 split
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Answer:
If Angelo can Mow his lawn in 2/3 of an hour or 40 minutes, it means that after 1/2 or 30 minutes 75% of the lawn will be mowed, this is because if he can mow the lawn in 40 and we want to know how much he can mow in 30 minutes this gives us the fraction 30/40 which is also equal to 3/4 or 75%. meaning that the correct picture is the one that shows that 3/4 of the lawn is mowed
Answer:
-28
Step-by-step explanation:
2xy=2(7)(-2)=14(-2)=-28
Answer:
$630.50
Step-by-step explanation:
Answer:
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 4%. So
r = 4/100 = 0.04
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. The total amount is given as $100000.
1) When t is 1,
100000 = P(1+0.04/12)^12×1
100000 = P(1+0.0033)^12
100000 = P(1.0033)^12
P = 100000/1.04
P = $96154
2) When t is 10
100000 = P(1+0.04/12)^12×10
100000 = P(1+0.0033)^120
100000 = P(1.0033)^120
P = 100000/1.485
P = $67340
3) When t is 20
100000 = P(1+0.04/12)^12×20
100000 = P(1+0.0033)^240
100000 = P(1.0033)^240
P = 100000/2.2
P = $45455
4) When t is 30
100000 = P(1+0.04/12)^12 × 30
100000 = P(1+0.0033)^360
100000 = P(1.0033)^360
P = 100000/3.274
P = $30544
5) When t is 40
100000 = P(1+0.04/12)^12 × 40
100000 = P(1+0.0033)^480
100000 = P(1.0033)^480
P = 100000/4.862
P = $20568
6)When t is 50
100000 = P(1+0.04/12)^12 × 50
100000 = P(1+0.0033)^600
100000 = P(1.0033)^600
P = 100000/7.22
P = $13850
