Question

Financial Algebra HELP :D

Answer 1

Lucas purchased 90 shares of stock in a computer company at $87.92 per share and Peyton purchased 55 shares of stock in a different computer company for $72.03 per share. After holding the stock for two years, Lucas sold his for a total of $8,476.20, and Peyton sold hers for a total of $4,192.10. Which person had a higher ROI and by how much?

Answer 2

Lucas: 1.3% more

Peyton: 1.3% more

Peyton: 5.8% more

Lucas: 7.1% more

Answer 3

@amistre64

Answer 4

how wold you define a return on investment? difference/start right?

Answer 5

Like : ROI = Final Value - Initial Investment / Initial Investment

Answer 6

good, what are the final and initial values of the investments?

Answer 7

they give you initials, and you can divide the finals by the number of shares to determine a per share value

Answer 8

or, you can multiply the inital per share value by the number of shares ... wither way

Answer 9

8,476.20 & 4,192.10 ?

Answer 10

ROI= (8476.20 - 4192.10)/ ?

Answer 11

Lucas purchased 90 shares of stock in a computer company at $87.92
Lucas sold his for a total of $8,476.20/90 = 94.18

Peyton purchased 55 shares of stock in a different computer company at $72.03
Peyton sold hers for a total of $4,192.10/55 = 76.22




9418-8792
----------
8792




7622-7203
-----------
7203

Answer 12

I solve for both of them ?

Answer 13

of course, how else are you going to be able to compare them?

Answer 14

Which one is which o.O

Answer 15

oh nvm xD

Answer 16

:)

Answer 17

Thank you :D

Answer 18

Lucas: 7.1% more <--- Is that right ?

Answer 19

@kropot72