Julio purchased 1,700 shares of a certain stock for $23,750 (including commissions). He sold the shares 3 year(s) later and received $32,500 after deducting commissions. Find the effective annual rate of return on his investment over the 3-year period. ​

Group of answer choices

10.50%

10.59%

10.73%

11.02%

The annual interest rate of return during his investment was 12.28%.

Step-by-step explanation:

Since Julio purchased 1,700 shares of a certain stock for $ 23,750 including commissions, and I have sold the shares 3 years later and received $ 32,500 after deducting commissions, to find the effective annual rate of return on his investment over the 3-year period the following calculation  must be performed:

23,750 = 100

32,500 = X

32,500 x 100 / 23,750 = X

3,250,000 / 23,750 = X

136.84 = X

(136.84 - 100) / 3 = X

36.84 / 3 = X

12.28 = X

Therefore, the annual interest rate of return during his investment was 12.28%.

9.55 degrees.

step-by-step explanation:

the given angle is

1 cycle is equal to 2π radians. so 4π will be equal to two cycles.

5.166667π-4π = 1.166667π

hence, this angle goes a little more than negative x axis.

1.166667π-π= 0.166667π

hence, the reference angle is 0.166667π radians.

1 radian = 57.2958 degrees

now, in degrees, this should be equals to 9.55 degrees.

mr. flanders’ class sold 47 doughnuts and   mr. rodriquez’s class sold 38 cartons of milk

step-by-step explanation:

let x be the number of doughnuts sold by mr. flanders’ class and y be the number of cartons sold by mr. rodriquez’s class.

1. together, the classes sold 85 items, then

x+y=85.

2. both classes earn earned $104.49 for their school. if doughnuts were sold for $1.35 each, then x doughnuts costed $1.35x. if cartons of milk were sold for $1.08 each, then y cartons costed $1.08y. hence,

1.35x+1.08y=104.49.

3. solve the system of two equations: