Question

Can someone please help me figure this out or know a formula to use?

Jacob purchased 110 shares of stock in a computer company at $92.63 per share and Rae purchased 45 shares of stock in a different computer company for $87.45 per share. After holding the stock for two years, Jacob sold his for a total of $11,120.53, and Rae sold hers for a total of $4,192.10. Which person had a higher ROI and by how much?

Jacob: 9.1% more

Rae: 6.5% more

Jacob: 2.6% more

Rae: 2.6% more

Answer 1

ROI means Return On Investment

Answer 2

ROI = \(\large \frac{\textbf{final value - initial value}}{\textbf{initial value}}\)

Answer 3

find the ROI of each separately and see the difference

Answer 4

Thank you so much!

Answer 5

np :) wat do u get as answer ?

Answer 6

I haven't done it yet, I am right now

Answer 7

I don't get the initial value?

Answer 8

initial value = (number of shares) * (price of share)

Answer 9

I got 9.1% more for Jacob

Answer 10

Could you help me with one more? @ganeshie8

Answer 11

hey doesnt look correct @surferbb9

Answer 12

Jacob :
initial = 110*92.63
final = 11120.53
ROI = (11120.53 - 110*92.63)/(110*92.63)*100 = 9.1 %

Rae :
initial : 45*87.45
finanl = 4192.1
ROI = (4192.1-45*87.45)/(45*87.45) = 6.5 %

Answer 13

difference = 9.1 - 6.5

Answer 14

= 2.6 % more for Jacob