Question 1199674: Please help me solve this equation
Zack invested $5,500 in a mutual fund with an offer price of $20.40 and a net asset value of $10.50. How many shares did Zack purchase? Round to thousandths.
Answer by ikleyn(52830)   (Show Source):
You can put this solution on YOUR website! .
Please help me solve this equation
Zack invested $5,500 in a mutual fund with an offer price of $20.40 and a net
asset value of $10.50. How many shares did Zack purchase? Round to thousandths.
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The answer must be integer number, since the number of shares can not be non-integer decimal.
So, I do not understand the meaning of this instruction "round to thousandths".
Truly, it makes no sense.
It seems to me, that a person who composed this problem, did not get
even the level of rules of rounding yet in his mathematical development.
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