Question

3. 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? (1 point)
$
4. 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? (1 point)

Answer 1

@Chineseboy15 please help me?!

Answer 2

All right, let me see.

Answer 3

"You buy 100 shares of a company's stock at $9.75/share", so how much money do you pay?

Answer 4

@sh9down

Answer 5

$975.00

Answer 6

Right. And you place the same amount in a savings account earning a 4.5% APR. So how much do you earn?

Answer 7

4,387.50 ???

Answer 8

The money you earn is 975*4.5%.

Answer 9

What is it?

Answer 10

4387.5???

Answer 11

@Chineseboy15 right?????

Answer 12

The answer is 43.875.

Answer 13

Understand?

Answer 14

kind of

Answer 15

The stock gains 8% in the first year means the money you earn from stock is 975*8%.

Answer 16

ok 78

Answer 17

So what is the difference in total value between your
stocks and savings account by the end of the first year?

Answer 18

Try to answer is yourself!

Answer 19

@sh9down ?

Answer 20

All right, the answer is 78-43.875=34.125

Answer 21

my computer shut down sorry

Answer 22

It is all right.