At the start of a year, MLS company's stock initially sold for $40 per share. At the end of the quarter, the company's stock was selling for $50 per share what was the stock price's rate of return ( percent increase)?

At the start of a year, MLS company's stock initially sold for $40 per share. At the end of the quarter, the company's stock was selling for $50 per share what was the stock price's rate of return ( percent increase)?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter2: Solving Linear Equations

Section2.2: Use A Problem Solving Strategy

Problem 2.51TI: Jim lent his sister $5,000 to help her buy a house. In three years, she paid him the $5,000, plus...

See similar textbooks

Related questions

Q: Maria borrowed $2000 from a bank for 5 years and was charged simple interest. The total interest…

A: According to the question, Maria borrowed $2000 from a bank for 5 years and was charged simple…

Q: You invested $6000 between two accounts paying 2% and 8% annual interest, respectively. If the…

Q: John was in Miami, he visited his investment house and invested a total of US$12,000, a fraction at…

A: Given query is to find the investment in each rate.

Q: Kaylee paid full price for an item. Jacob bought the same item for 80% of the full price. Kaylee did…

Q: Claire has take home pay of $2500 per month. If she spends $800 on housing and $350 on a car…

A: Given, Home pay = $2500 Housing expenditure = $800 Car expenditure =$350 So, Percentage of…

Q: You invested $ 4000 between two accounts paying 6 % and 8 % annual interest, respectively. If the…

A: It is given that $4000 was invested between two accounts paying 6% and 8% annual interest.

Q: quarter

Q: At the start of a year, MLS company's stock initially sold for $40 per share . At the start of the…

Q: You invested $7000 in two accounts paying 6% and 8% annual interest. If the total interest earned…

Q: Samantha earned $1480 in interest last year on her investments. If $5000 was invested at a certain…

A: Let the rate of $5000 is x% So the rate of $11000 is (2x/3)% So the total interest earned=

Q: Jack has been employed since January 2021 receiving a net monthly salary of Php20000. In…

Q: The sale price of a spring break vacation package was $199.99, and the travel agent said by booking…

A: Determine the original sale price. $199.99 + $40 = $239.99

Q: Christine invested $4000 in a fund for 4 years and was paid simple interest. The total interest that…

A: Given data is : Principal P=$4000 Time t=4 years Simple interest S.I=$1280 To find annual interest…

Q: To finance her community college education, Sarah takes out a loan for $2900. After a year Sarah…

A: Given that, Sarah takes out a loan for $2900 to financeher communinty college education.After a year…

Q: You invested $13,000 in two accounts paying 7% and 8% annual interest, respectively. If the total…

A: Given total amount invested=$ 13000Let x be invested at 7%then (13000-x) is invested at 8%Total…

Q: Lou figures that his monthly car insurance payment of $180 is equal to 35% of the amount of his auto…

A: Given insurance amount and auto loan need to find.total

Q: A business purchased for $650,000 in 2012 is sold in 2015 for $850,000. What is the annual rate of…

A: To find: The annual rate of return for this investment. Given: The business purchased in 2012 for…

Q: You invested $7000 between two accounts paying 5% and 8% annual interest, respectively. If the total…

Q: Tamara has the option of borrowing $990 for two weeks at an APR of 300% or borrowing the $990 for…

A: 1) if she borrow at an APR of 300% Interest=990×300100=2970 for a yearfor 2 weeks…

Q: Elsa borrowed $9000 from a bank for 4 years and was charged for simple interest. The total interest…

Q: At the start of the year the MLS Company's stock initially sold for $40 per share at the end of the…

A: The formula to find the rate of return is Change in the valueInitial value×100

Q: 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a…

A: Given 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock…

Q: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

A: Nina receive an inheritance of $12500 from her grandmother. She invested part of it at 5% interest,…

Q: Juan manages an appliance store. In July, sales were $181,800. In August, sales were $135,441. What…

A: In July, sales were $181,800In August , sales were $135441Hence change in sales = 135441-181800…

Q: You invested $11,000 in stocks and bonds, paying 5% and 8% annual interest. If the total interest…

A: The amount of money invested in stocks and bounds are needs to be calculated. Let x be…

Q: You invested $18,000 in two accounts paying 7% and 8% annual interest, respectively. If the total…

A: Solution:

Q: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. What is the annual rate of…

A: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. let the annual rate of…

Q: A five -month term deposit of $10,000 at Scotiabank earned $175 in interest. What annual rate of…

Q: The total intrest that she paid on the loan was $270.

Q: Evelyn pays $10,000 for shares in a new company. She sells the shares 10 years later for $15,000.…

A: Given data: Cost of the investment= $10000 Current value of the investment=$15000 Time=10 years…

Q: Annie bought one dozen smartphones for P200,000.00 with a discount of 5%. She sold half dozen at a…

A: Given the cost of 12 dozens of smartphones P 200,000 with a discount of 5%

Q: Christine borrowed $3000 from a bank for 2 years and was charged simple interest. The total interest…

A: Given that, P=$3000 N=2 year I=$120 We have to calculate simple interest rate.

Q: A company's stock was selling at $28 a share. A month later, it was selling at $21 a share. What is…

A: The ratio and proportions can be used to calculate the change in the values. The percent change can…

Q: Jayden was recently hired for a job with an annual income of $⁢43,000. Using the federal income rate…

A: Given information Annual income = $43000 income rate = 15% Jayden expect to pay in federal income…

Q: Renalda sold Westel stock that she purchased at $2.20 per share one year ago for a 35% gain. At what…

A: Solution :-

Q: John bought a recliner priced at $500, which was financed for $30 a month for 24 months. What is the…

A: In this question we have to find how much is the finance charge.

Q: A car was valued at $34,000 in the year 2009. By 2013, the car value had depreciated to $12,000. If…

Q: You invested $4000 between two accounts paying 6% and 8% annual interest. If the total interest…

A: Let I invested x in 6% and (4000-x) in 8% account. So, interest from 6% account after 1 year =…

Q: Latoya invested $3000 in a fund for 2 years and was paid simple interest. The total interest she…

A: Given:A=180P=3000t=2 yearsFind: r?

Q: to finance her community college education, Marguerite takes out a stafford loan for $2100. After a…

Q: Kala took out a loan for 5 months and was changed simple interest at an annual rate of 6%. If the…

Q: You invested $16,000 in two accounts paying 6% and 9% annual interest, respectively. If the total…

A: The interest earned in first year with an investment of P, I = PR R is rate of interest

Q: You invested $6000 between two accounts paying 5% and 6% annual interest, respectively. If the total…

A: NOTE: Refresh your page if you can't see any equations. . x=amount invested at 5% y=amount…

Q: kenneth lent his niece $1,200 to buy a computer. two years later, she paid him back the $1,200 plus…

A: Given: P=$1200 I=$96 t=2years r=?

Q: Mai borrowed $5000 from a bank for 5 years and was charged simple interest. The total interest that…

Q: The simple interest charged on a loan of $15000 at the rate of 6% was $2700. Find the rate of…

Q: you invested $3000 between two accounts paying 5% and 9 % annual interest, respectively. if the…

Q: You invested $4000 between two accounts paying 4% and 7% annual interest, respectively. If the total…

A: Given: Let the two accounts be A1 and A2. The annual interest rates of accounts A1 and A2 are 4% and…

Q: This year Perez ski shop had a profit of 80,000. This is 250 percent of last years profit what was…

A: Given,So this year profit is 250% or 2.5 times greater than the profit the shop had last year.

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Jim lent his sister $5,000 to help her buy a house. In three years, she paid him the $5,000, plus $900 interest. What was the rate of simple interest?
Jim loaned his sister $5,000 to help her buy a house. In 3 years, she paid him the $5,000, plus $900 interest. What was the rate of interest?
Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per job, how many jobs must he do to earn a profit of at least $4,000 a month?
Joaquin bought a bookcase on sale for $120, which was two-thirds of the original price. What was the original price of the bookcase?
Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what would his monthly deposits need to be if he invests in an account offering a 4.2% annual interest rate that compounds monthly?
In five years, Gloria’s bank account earned $2,400 interest at 5% simple interest. How much had she deposited in the account?
In the following exercises, solve each mixture word problem. 203. Dominic pays 7% interest on his $15,000 college loan and 12% interest on his $11,000 car loan. What average interest rate does he pay on the total $26,000 he owes? (Round your answer to the nearest tenth of a percent.)
In the following exercises, solve the problem. 300. What is the total effect on the economy of a government tax rebate of $360 to each household in order to stimulate the economy if each household will spend 60% of the rebate in goods and services?
Christine invested $4000 in a fund for 4 years and was paid simple interest. The total interest that she received on the investment was $1280 As a percentage, what was the annual interest rate of her investment?If necessary, refer to the list of financial formulas.
To finance her community college education, Sarah takes out a loan for $2900. After a year Sarah decides to pay off the interest, which is 7% of $2900. How much will she pay?