What is the solution to (4 x 10^3) x (6 x 10^6), written in scientific notation?
24 x 10^9
2.4 x 10^9
24 x 10^18
2.4 x 10^10
Ted Andrews bought 15 shares of Clark Company stock at $14.875. He sold them a month later $20.375. What was his profit?
$6.50
$49.50
$80.50
$82.50
Theses are the two questions on my test that I have no clue what the answer is. Can someone help/"explain" it to me?! thanks :)
2.4 x 10^10
Does anyone know all the answers?
(4x10^3)(6x10^6)
= (4x6)x(10^3 x 10^6)
= 24x10^9
but that is not SN. You need
2.4x10^10
profit is income less cost. In this case, since the same number of shares were bought and sold, just multiply 15 by the difference in prices:
15(20.375-14.875) = 15(5.50) = 82.50
because he made $5.50 on each share.