26
QuizMultiple Choice

Absolute Value and Linear Inequalities in Financial Context — Quiz

Question 26 • Financial Math

The sale of one investor’s stock depending on the number of shares sold can be represented by the inequality 45.67⁢x−6.50≥16,899 Which statement is true about the purchase, based on the inequality? Round to the nearest hundredth if necessary.

Answer
A
The stock costs 6 point 5 0 dollars per share.
B
The investor should sell fewer than 370 shares.
C
The investor wants to earn at least 16 dollars comma 899.
D
The investor is purchasing at least 46 shares.

Explanation

The inequality says the investor’s earnings after a $6.50 deduction, 45.67x − 6.50, must be at least $16,899. The symbol ≥ means “greater than or equal to,” so the investor wants to earn at least $16,899. Therefore, the true statement is “The investor wants to earn at least $16,899.”

AI-written and checked against the verified answer.

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