Answer:
Explanation:
a) Here, we want to solve the given equation for x
To get that, we bring the fraction on the left to the right, thereby isolating x on the left
Mathematically, we have it that:
[tex]x\text{ = }183\frac{1}{4}-177\frac{1}{8}[/tex]To solve completely, we convert the mixed fractions to improper fractions as follows:
[tex]\begin{gathered} x\text{ = }\frac{733}{4}-\frac{1416}{8} \\ \\ x\text{ = }\frac{2(733)-1416}{8}\text{ = }\frac{1466-1416}{8}\text{ = }\frac{50}{8}\text{ = 6}\frac{2}{8}\text{ = 6}\frac{1}{4} \end{gathered}[/tex]b) To get the amount of increase, we have to multiply the number of shares held by the increase in price
Mathematically, we have that as:
[tex]\begin{gathered} 6\frac{1}{4}\times\text{ 240} \\ \\ =\text{ }\frac{25}{4}\times\text{ 240 = \$1,500} \end{gathered}[/tex]The investment would have increased by $1,500
