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Author Question: Chloe invested a lump sum of 24,000 in a mutual fund with an offer price of 8.05. How many shares ... (Read 69 times)

evelyn o bentley

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on: Jun 24, 2018
Chloe invested a lump sum of 24,000 in a mutual fund with an offer price of 8.05. How many shares did she purchase? (Round to the nearest thousandth)
 A) 1,600.500
  B) 1,633.340
  C) 3,690.342
  D) 2,981.366

Question 2

Marcy Link took out a loan for 9,100 at the Eastern Trust Bank for 160 days. The bank uses the ordinary interest method for calculating interest. What rate of interest was charged if the amount of interest was 521.73? (Round to the nearest tenth of a percent)


reelove4eva

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

12.9


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