Question

Shares in stock of a new company are selling for $3.75 per share. An investor has $800. Which inequality can be solved to show the number of shares s he can buy?

Answer 1

Given:

Price of each share = $3.75

Total amount invertor has = $800

To find:

The inequality that can be solved to show the number of shares s he can buy.

Solution:

Let x be the number of shares he can buy.

Price of 1 share = $3.75

Price of x shares = $3.75x

An investor has $800.

The price of x shares must be less than or equal to the amount he has. So,

`3.75x\leq 800`

Divide both sides by 3.75.

`x\leq (800)/(3.75)`

`x\leq 213.33...`

So, the maximum possible integer value of x is 213.

Therefore, the equation inequality is
`3.75x\leq 800` and he can buy 213 shares.