The price of the new stock would $5.25 because you have to add the $4.75 and $0.50 to find the new price
<u>Answer:
</u>
Physliis invested 32000 dollar at 5% interest rate and 34000 dollar at 7% interest rate.
<u>Solution:</u>
Let Phyllis invest ‘x’ dollar at 5% per year and (66000-x) dollar at 7% per year.
We know,
In the question it is given that Simple interest earned from both the investments at the end of the year is $3980.
Using the given below equation, we will try to find out the investments at each rate.
x = 32000
We can calculate amount for 7% interest rate by,
(66000-32000) =34000
Thus Phyllis invested 32000 dollar at 5% interest rate and 34000 dollar at 7% interest rate.
Answer:
slope(m)=change in y/change in x
6=y-(-1)/x-4
6=y+1/x-4
6(x-4)=y+1
6x-24=y+1
6x-24-1=y
6x-25=y
hence this is the equation