John honest created the following table to determine the asset value per share and the number of shares purchased (to the nearest tenth) given different loading charges for a $4,000 investment.
(a)total market value=$47
(b)total shares issued=2
(c)value per shared=$23.50
(d)amount invested=$4000 (e)charge=$250
(f)d minus e=$?
(g)shares purchased=?

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

step-by-step explanation:

i believe its "c" because all of the other options include a but it could be d because there is a way of financing with cash at certain places but its uncommon.