Ask question

Ask question

All categories

2 years ago

5

David bought 30 shares of Amazon at the close price of $121.00. In a few years, David sells all of his shares at $143.50. How mu

ch money did David make?

1 answer:

Naddik [55]2 years ago

5 0

30(143.50-121)

30(22.5)

$675.00

You might be interested in

The equation 1.5r+15=2.25r1.5r+15=2.25r represents the number rr of movies you must rent to spend the same amount at each movie

Lelu [443]

1.5r+15=2.25r
Combine like terms: 1.5r+15-1.5r=2.25r-1.5r
15=0.75r
Get the unknown alone: 15/.75=.75/.75r
20=r or r=20 :)

7 0

2 years ago

The distance between New York and Philadelphia by railroad is 90 miles; the distance between them by river and ocean is 240 mile

VladimirAG [237]

Start with 90/240, then reduce the fraction
you can reduce by dividing each by 10 to get 9/24
reduce more from there, seeing that each number can be divided by 3
9/3 = 3
24/3 = 8
answer 3/8

3 0

2 years ago

A trust fund worth $25,000 is invested in two different portfolios, this year, one portfolio is expected to earn 5.25% interest

OLEGan [10]

Answer:

The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000

Step-by-step explanation:

we know that

The simple interest formula is equal to

$I=P(rt)$

where

I is the Final Interest Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

Let

x ------> the amount of money that should be invested at the rate of 5.25%

25,000-x -----> the amount money that should be invested at the rate of 4%

in this problem we have

$t=1\ year\\ P_1=\$x\\P_2=\$(25,000-x)\\r_1=0.0525\\r_2=0.04\\I=\$1,150$

substitute in the formula above

$I=P_1(r_1t)+P_2(r_2t)$

$1,150=x(0.0525*1)+(25,000-x)(0.04*1)$

Solve for x

$1,150=0.0525x+1,000-0.04x$

$0.0525x-0.04x=1,150-1,000$

$0.0125x=150$

$x=\$12,000$

$|$25,000-x=\$13,000$

therefore

The amount of money that should be invested at the rate of 5.25% is $12,000 and the amount money that should be invested at the rate of 4% is $13,000

6 0

2 years ago

Read 2 more answers

a deli sells sliced meat and cheese. one customer purchases 4 pounds of meat and 5 pounds of cheese for a total of $30.50. a san

Nesterboy [21]

Since my answer was deleted here it is:

The variable x represents the cost per pound of meat.

The variable y represents the cost per pound of cheese.

The deli charges $4.50 for a pound of meat.

Have a great day! (this is late but for anyone else who needs it)

5 0

2 years ago

Read 2 more answers

Mr. Smith works on a temporary basis. The mean length of each job he gets is three months. If the amount of time he spends betwe

Eduardwww [97]

Answer:

Mr Smith gets a new job, every 5 months on the average.

Step-by-step explanation:

Mr Smith spends an average of 3 months on every job he gets.

Then he spends an average of 2 months in between jobs.

Meaning, on the average, if he has a job, he does it for 3 months, then leaves, lends the next 2 months without a job, then gets another job at the end of the 2 months without a job and then he repeats the cycle of 3 months on the job, 2 months without the job.

So, on the average it takes Mr. Smith, (3+2) months to get a new job.

6 0

2 years ago