Homework Help: Math-Help please?

Posted by Anna on Monday, November 14, 2011 at 8:27pm.

Michael owns 300 shares of a certain stock. Suppose the price of the stock drops by $4 per share. Write a multiplication equation to find the change in Michael's investment.

I put 300x(300x[-4]) is that right?

Math-Help please? - Steve, Tuesday, November 15, 2011 at 10:47am
original value: 300x
new value: 300(x-4)

change = new-old = 300(x-4) - 300x = -1200

Makes sense, since each of 300 shares dropped in value by $4.

When you got your answer, did you think about how to check it?

Answer this Question

Related Questions

Math - Michael purchased a certain number of share of one stock for a total of $...
Math - Michael purchased a certain number of share of one stock for a total of $...
Math plz help - I need help I don't know how to begin the equation Michael ...
finance - Miya, a single investor owns 1000 shares of Advance C-Synergy (ACS), ...
accounting - Jones Company is authorized to issue 20,000 shares of no-par, $5 ...
consumer math - Serina bought 300 shares of stock at 24 1/2. She had to pay a 1...
Algebra - Joshua originalle bought two hundred shares of stock three years ago. ...
accounting - Finishing Touches has two classes of stock authorized: 8%, $10 par ...
Personal Finance - Jo Bower owns 150 shares of Data General stock. She purchased...
accounting - Pearson began 20XX with 30,000 $1 common shares issued and ...

For Further Reading

First Name:
School Subject:
Answer: