You buy 100 shares of a company's stock at $9.75/share and place the same amount in a savings account earning a 4.5% APR. The stock gains 8% in the first year. What is the difference in total value between your stocks and savings account by the end of the first year?

Question

anonymous · Answer

PLEASE HELP !

phi · Answer

what formula do you know for finding interest ?

anonymous · Answer

@TrappGotti Your part is look up for the formula
   Just give you a head start here:
   P =  100 shares * $ 9.75 = $ 975

anonymous · Answer

IDK THE FORMULA !

anonymous · Answer

its no formula from my knowlege !

anonymous · Answer

thats how she gave us the problem try this one instead 
You invest $3,150.00 in a stock plan. The first year, it loses 5% of its value. The second year, it gains 9% of its value. What is the value of your stocks in the second year compared to your initial investment?