Respuesta :
Solution:
Step 1:
Calculate the total value of stock X
[tex]\begin{gathered} =5000\times\text{ \$}4.10 \\ =\text{ \$}20,500 \end{gathered}[/tex]Step 2:
Calculate the total value for Stock Y
[tex]\begin{gathered} =2000\times4.5 \\ =\text{ \$}9000 \end{gathered}[/tex]Step 3:
Calculate the total value for stock Z
[tex]\begin{gathered} =4000\times\text{ \$}3.60 \\ =\text{ \$}14,400 \end{gathered}[/tex]Step 4:
Calculate the total value of the shares but without the increase yet
[tex]\begin{gathered} 20,500+9000+14,400 \\ =\text{ \$}43,900 \end{gathered}[/tex]Step 5:
Calculate the increase in the simple index
[tex]\begin{gathered} =\frac{3.4}{100}\times43900 \\ =\text{ \$}1,492.60 \end{gathered}[/tex]Step 6:
Add the increase in the simple index to the total value of the shares
[tex]\begin{gathered} 43,900+1,492.60 \\ =\text{ \$}45,392.60 \\ \approx\text{ \$}45,400 \end{gathered}[/tex]Hence,
The final answer is
[tex]\Rightarrow\text{\$}45,400[/tex]OPTION C is the right answer
