Alex invests $2,000 in a company's stock. After a year, the value of Alex's stock has increased to $2,500. What rate of return h
2 answers:
Alex's rate of return is 25%.
Detailed explanation:
In this scenario, Alex invested $2,000 in stock. After one year, the value of the stock rose to $2,500. We need to determine the rate of return Alex earned. Let's calculate it:
Initially, Alex placed $2000 into a company and after a year, the stock's worth increased to $2500, which is an increase of:
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⇒ $
To find the rate of return, this is computed as:
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Thus, Alex's rate of return is 25%.
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Answer:
M=2,179.29
The average exceeds the estimate
Her expenses would need to be $1,625.00
Step-by-step explanation:
1.) What is the mean of her friends' personal expenses?
The mean is defined as the average expense value, calculated as follows:
2.) Is the average higher or lower than the estimate?
Given the estimate of $2,110, the average is indeed higher than this estimate.
3.)What amount of personal expenses would Ashley need to maintain a combined average of $2,110 with her friends' amounts for that school year?
Her needed amount of expenses would be $1,625.00.