a.
To find: The number of shares which can buy in one transaction.
a.
Answer to Problem 16CP
The number of shares which can buy in one transaction is
Explanation of Solution
Given information: You have
Calculation: The total amount which can be spend to buy stock in a company is
Currently the price of each share is
Let, the number of share which can buy is
Hence, The total cost of the
Let’s find the amount which can spend to buy the shares is,
Hence, One share price is
Let’s find the value of
Hence, The number of shares which can buy in one transaction is
b.
To find: The number of shares which can buy in one transaction of
b.
Answer to Problem 16CP
The number of shares which can buy in one transaction of
Explanation of Solution
Given information: You save
Calculation: The total amount which can be spend to buy stock in a company is
Currently the price of each share is
Let, the number of share which can buy is
Hence, The total cost of the
Let’s find the value of
Hence, The number of shares which can buy in one transaction of
c.
To find: The total value of the shares.
c.
Answer to Problem 16CP
The total value of the shares is
Explanation of Solution
Given information: Suppose the shares in parts (a) and (b) are now worth
Calculation: Current price of each share is
The total number of shares of part (a) and (b) is,
Let, The total value of the shares is
Where,
Let’s find the total value of
Hence, The total value of the shares is
Chapter 7 Solutions
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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