Pregunta
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A trucking company's stock went up \( 2 \frac{1}{4} \) points (do lars) per share. If Felicia Washington owned sixtee shares, what was her total increase in the value of he stock?

Ask by Tyler Matthews. in the United States
Feb 25,2025

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Felicia's total increase in stock value is 36 points.

Solución

To find the total increase in the value of Felicia Washington's stock, we need to multiply the increase per share by the number of shares she owned. Given: - Increase per share = \(2 \frac{1}{4}\) points - Number of shares = 16 First, let's convert the mixed number \(2 \frac{1}{4}\) to an improper fraction: \[2 \frac{1}{4} = \frac{9}{4}\] Now, we can calculate the total increase in the value of her stock: \[ \text{Total increase} = \text{Increase per share} \times \text{Number of shares} \] \[ \text{Total increase} = \frac{9}{4} \times 16 \] Let's calculate this. Calculate the value by following steps: - step0: Calculate: \(\frac{9}{4}\times 16\) - step1: Reduce the numbers: \(9\times 4\) - step2: Multiply the numbers: \(36\)

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Mind Expander

To determine Felicia Washington's total increase in the value of her stock, first convert \( 2 \frac{1}{4} \) points into an improper fraction or decimal. \( 2 \frac{1}{4} \) is equal to \( 2.25 \) or \( \frac{9}{4} \). Now, multiplying this value by the number of shares she owns: Total increase = \( 2.25 \times 16 = 36 \) So, Felicia's total increase in the value of her stock is $36. And remember, stocks can be an exciting rollercoaster ride! Just like in Felicia's case, keeping track of how many shares you have and the point increase can really help you understand your profits—or keep riding that emotional stock market wave!

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