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A couple bought some stock for RM30 per share that pays an annual dividend of

RM0.90 per share. After 1 year, the price of the stock was RM33. Find the simple

interest rate on the growth of their investment.

Respuesta :

Answer:

The answer is "13%".

Step-by-step explanation:

[tex]P_0 = 30\\\\D_1 = 0.90\\\\P_1 = 33\\\\[/tex]

[tex]Increase = 33 - 30 + 0.90\\\\[/tex]

              [tex]= 3+0.90\\\\=3.90[/tex]

[tex]\text{Calculating increasing }\% :[/tex]

[tex]= \frac{3.90}{30} \times 100 \\\\= \frac{390}{30} \\\\= \frac{39}{3} \\\\= 13\%[/tex]

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