Answer:
the amount that he makes last week and in the year 2011 is $770 and $40,040 respectively
Step-by-step explanation:
The computation of the amount that he makes last week and in the year 2011 is as follows:
= Sale value of the stocks × earning percentage × number of weeks in a year
= $7,000 × 11% × 52 weeks
= $40,040
hence, the amount that he makes last week and in the year 2011 is $770 and $40,040 respectively
We simply applied the above formula so that the correct value could come
And, the same is to be considered
