Question

An investment fund that pays quarterly dividends for 10 years yields an annual return of 6.6%. If the initial price of the fund is $200, what is the amount of the dividend?

Answer 1

`\begin{array}c \cline{1-1} \textit{\textit{\LARGE a}\% of \textit{\LARGE b}}\\ \cline{1-1} \\ \left( \cfrac{\textit{\LARGE a}}{100} \right)\cdot \textit{\LARGE b} \\\\ \cline{1-1} \end{array}~\hspace{5em}\stackrel{\textit{6.6\% of 200}}{\left( \cfrac{6.6}{100} \right)200}\implies 13.2`