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21 March, 04:34

An accountant receives a salary of $262,000 per year. During the year, he plans to spend $99,000 on his mortgage, $54,000 on food, $32,000 on clothing, $41,000 on household expenses, and $28,000 on other expenses. With the money that is left, he expects to buy as many shares of stock at $250 per share as possible. Using the equation below, determine how many shares will he be able to buy?

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  1. 21 March, 04:59
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    262,000 - 99,000 = 163,000

    163,000 - 54,000 = 109,000

    109,000 - 32,000 = 77,000

    77,000 - 41,000 = 36,000

    36,000 - 28,000 = 8,000

    8,000 / 250 = 32

    32 shares.
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