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OpenStudy (anonymous):
Hank invests $500.00 in a stock. The first year the stock earns an 8% return on his money. If Hank sells his stock, how much money does he have at the end of year one? EXPLANATION NOT ANSWER PLS thx
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OpenStudy (misty1212):
HI!!
OpenStudy (misty1212):
to increase a number by \(8\%\) multiply it by \(100\%+8\%=108\%=1.08\)
OpenStudy (misty1212):
so in one year \[500(1.08)\]
OpenStudy (gokufan22):
540
OpenStudy (anonymous):
@misty1212 thank you so much!!! @gokufan22 you don't listen.. I am studying for an exam.. these are not the real questions therefore just answers will not help me
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