In one day, a total of 478900 shares were traded on the floor of a stock exchange market, If the value of each share was #23.50, calculate to 3 significant figure the volume of the traded shares
The volume of traded shares can be calculated by multiplying the total number of shares by the value of each share:
Volume = Total number of shares * Value of each share
Volume = 478900 shares * #23.50/share
Volume = 11,249,150
To 3 significant figures, the volume of the traded shares is 11.2 million.