document.write( "Question 1162003: John bought stock for 4550.00 dollars and after 6 months, the value of his shares had risen by 124.00 dollars and dividends totaling 133.42 dollars has been paid. Find the simple interest rate, r he earned on this investment if he sold the stock at this time. \n" ); document.write( "

Algebra.Com's Answer #785683 by ikleyn(52781) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "His earning from his investment would be 124.00 + 133.42 dollars after 6 months.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "His simple interest rate for 6 months would be this ratio  .\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "But since we want to know his simple interest per year, we double this ratio.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "So we get finally  the annual interest rate  r =  = 0.113 = 11.3%.    ANSWER\r\n" );
document.write( "

\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );