We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive pseudonymised information about your use of our website. cookie policy and privacy policy.
 
+0  
 
0
230
1
avatar

Otto's investment portfolio consisted of shares of internet stock and copper stock. During the year, the value of his internet shares increased 10%,but the value of his copper shares decreased from $10,000 to $9,000. During the same year, the total value of his portfolio increased by 6%.What was the dollar value of his internet shares at the end of the year?

 May 26, 2019
 #1
avatar
+1

Let the dollar value of his Internet shares =S
At the end of the year, his Internet shares =1.1S
At the end of the year, his copper shares  =$9,000
1.1S + $9,000 =1.06[S + $9,000], solve for S 
S = $13,500 - dollar value of his Internet shares at beginning of the year.
$13,500 x 1.1 = $14,850 - dollar value at the end of the year.

 May 26, 2019
edited by Guest  May 26, 2019

17 Online Users

avatar