Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Dave owns 15 shares of ABC mining stock. On Monday, the value of each share rose $2, but on Tuesday the value fell $5. What is the change in the value of Dave’s shares?

Sagot :

nathanboylen

Answer:

Let's take each share by itself first.

First, the value of each share rose by 2. So we have +2. Then it fell by 5. So we have 2 - 5 = -3. Each share has a net value of negative 3.

Dave owns 15 shares. So 15 * (-3) = -45.

-$45
In short, the answer is $45

Let x = the current value of the stocks

So if each stock increases by 2 dollars - the total value increases by 15 lots of $2

x + (15 x 2) = the new value (we will call this n)

Each stock then decreases in value by $5

So…

n - (5 x 15) = the final value of the stocks (we will call it f)

$2 - $5 = -3$

And -3 x 15 = -45

So Dave has lost $45 in shares
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.