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

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

anonymous · Answer

i don't know what the formula is

anonymous · Answer

P=975
APR=4.5%
interest=975*.045=?
gain in stock=975*.08=?
find the difference.

anonymous · Answer

so its 360.75