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You bought 2 5 0 shares of stock for $ 1 0 0 each. After 1 month, the stock price is 4 % higher and

You bought
250
shares of stock for $100 each. After 1 month, the stock price is 4% higher and you sell
x
shares. After 1 year, the stock price is
9
%
higher (from the original purchase price) and you sell the remaining shares. You make a profit of
$
2005
.
a) Fill in the table below. Column 2 and column 3 should contain expressions in terms of
x
. Column 4 should be just numbers
Sold after 1 Month
Sold After 1 Year
Total
Number of Shares
250
Profit
$
b) Use the bottom row of the table to write an equation describing the profit made in terms of
x
.
Do not combine like terms or solve the equation in this step.
c) Solve the equation to find the number of shares sold after 1 month and the number sold after 1 year.
shares sold after 1 month:
shares sold after 1 year:

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