Nadia bought 200 shares of stock at 34 1/2. She had to pay a 1%
commission to her broker. What was the total price of the stock?
2) Rick bought a truck for $13,459. He had to pay 6.75% sales tax on
the purchase. What was the total amount he had to pay for the truck?
1) 200*34.5*(1.01) =
2) 13459*(1.0675) =
Carlos Martin received a statement from his bank showing
a balance of $56.75 as of March 15. His checkbook shows a
balance of $87.37 as of March 20. The bank returned all the
cancelled checks but two. One check was for $5.00 and the
other was for $13.25. How much did Carlos deposit in his
account between March 15 and March 20?
b 48.87
To find the total price of the stock Nadia bought, we need to calculate the price of the shares and the commission. Here are the steps to get the answer:
1) Start by multiplying the number of shares (200) by the price per share (34 1/2). To do this, convert the mixed number 34 1/2 to an improper fraction. 34 1/2 is equivalent to 69/2.
200 shares * 69/2 per share = 69/2 * 200 shares
2) Multiply the numerator (69) by 200 and keep the denominator (2) unchanged:
69 * 200 = 13,800
3) Now, we have the price of the shares before the commission. To calculate the commission, multiply the price of the shares by the commission rate. In this case, the commission rate is 1% or 0.01.
13,800 * 0.01 = 138
4) Finally, to find the total price of the stock, add the price of the shares and the commission:
13,800 + 138 = 13,938
Therefore, the total price of the stock Nadia bought is $13,938.
Now, let's proceed to the second question about Rick buying a truck:
To find the total amount Rick had to pay for the truck, we need to calculate the sales tax. Here are the steps:
1) Start by multiplying the purchase price of the truck ($13,459) by the sales tax rate (6.75%). To do this, convert the percentage to a decimal by dividing it by 100:
6.75% = 6.75/100 = 0.0675
$13,459 * 0.0675 = $907.91
2) Now, we have the sales tax amount. To calculate the total amount Rick had to pay, add the purchase price of the truck and the sales tax:
$13,459 + $907.91 = $14,366.91
Therefore, the total amount Rick had to pay for the truck is $14,366.91.