Question

a stock investment of 160 shares paid a dividend of $584 at this rate what dividend would be paid on 270 shares of stock

Answer 1

4985.5

Explanation:

To start, lets show what we know

160x = 584 where x is the amount paid per stock investment

Find: 270x

Now lets find x

160x = 584

160x/160 = 574/160

x = 3.65

270x = 270(3.65) = 985.5

Here, we have our answer of $985.5 for 270 shares of stock.

Feel free to ask me any questions you may have in the comments section! :D