An investor puts up $4,000 but borrows an equal amount of money from their broker to double the amount invested to $8,000. The broker charges 10% on the loan. The stock was originally purchased at $30 per share and in one vear the investor sells the stock for $38. The investor's rate of return was Multiple Choice 47.65% 43.33% 56.33% 45.68%
An investor puts up $4,000 but borrows an equal amount of money from their broker to double the amount invested to $8,000. The broker charges 10% on the loan. The stock was originally purchased at $30 per share and in one vear the investor sells the stock for $38. The investor's rate of return was Multiple Choice 47.65% 43.33% 56.33% 45.68%
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Transcribed Image Text:An investor puts up $4,000 but borrows an equal amount of money from their broker to double the amount invested to $8,000. The broker charges 10%
on the loan. The stock was originally purchased at $30 per share and in one year the investor sells the stock for $38, The investor's rate of return was
Multiple Choice
47.65%
43.33%
56.33%
45.68%
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