document.write( "Question 1046345: Dividends paid on utilities stocks vary inversely with the prime interest rate. When the prime interest rate was 16%, dividends on a utility stock were $3.42 per share. If the prime interest rate dropped to 11%, what dividends would be paid? \n" ); document.write( "

Algebra.Com's Answer #661876 by josmiceli(19441) $\"\"$ $\"About$

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Let $\"+k+\"$ be the constant of proportionality
\n" ); document.write( " $\"+3.42+=+k%2A%28+1%2F16+%29+\"$
\n" ); document.write( " $\"+k+=+54.72+\"$
\n" ); document.write( "------------------
\n" ); document.write( " $\"+x+=+k%2A%28+1%2F11+%29+\"$
\n" ); document.write( " $\"+x+=+54.72%2A%28+1%2F11+%29+\"$
\n" ); document.write( " $\"+x+=+4.97+\"$
\n" ); document.write( "$4.97 would be paid
\n" ); document.write( "---------------------
\n" ); document.write( "check:
\n" ); document.write( " $\"+3.42%2F4.97+=+11%2F16+\"$
\n" ); document.write( " $\"+16%2A3.42+=+11%2A4.97+\"$
\n" ); document.write( " $\"+54.72+=+54.67+\"$
\n" ); document.write( "error due to rounding off\r
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

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