11. A couple bought some stock for $30 an annual dividend of $0.90 per share. After 2 years, S the price of the stock was $33.w (CE (a) What is the return on investment? (b) Find the simple interest rate on the growth of their per share that pays oqsb investment
11. A couple bought some stock for $30 an annual dividend of $0.90 per share. After 2 years, S the price of the stock was $33.w (CE (a) What is the return on investment? (b) Find the simple interest rate on the growth of their per share that pays oqsb investment
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
#11 A and B please explain
Transcribed Image Text:2 $= SA
3. 7 0.12
- Only (b) is an arithmetic sequence; the common diference is 3
(a) ay = 190
(b) = 4590
or
2
7 If you borrow $800 for 6 months at 6% annual simple
interest, how much must you repay at the end of the
6 months?
8. If you borrow $1600 for 2 years at 14% annual simple
interest, how much must you repay at the end of the
2 years?
9. If you lend $3500 to a friend for 15 months at 8%
annual simple interest, find the future value of the loan.
10. Mrs. Gonzalez lent $2500 to her son Luis for 7 months
lue and tell
simple
at 9% annual simple interest. What is the future value
of this loan?o ad ol taini slqmiz sY 1
11. A couple bought some stock for $30 per share that pays
an annual dividend of $0.90 per share. After 2 years,
the price of the stock was $33. ws
(a) What is the return on investment? 9
(b) Find the simple interest rate on the growth of their
i m investment.
12. Jenny Reed bought SSX stock for $25 per share. The
annual dividend was $1.50 per share, and after 4
SSX was selling for $34 per share.
(a) What is the return on investment?
(b) Find the simple interest rate of growth
ns 1s erl of her money.
nt at the
le interest
129
at the
oolov soviaoorberyonom mid
mple
years,
cer
13. (a) To buy a Treasury bill (T-bill) that matures to
$10,000 in 6 months, you must pay $9750. What
annual simple interest rate does this earn?
(b) If the bank charges a fee of $40 to buy a T-bill,
what is the actual interest rate
you
earn?
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