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lesson pretestMultiple Choice

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Question 1 • Mathematics for Data and Financial Literacy

Kinsley purchases 60 shares of a stock priced at $⁢80 per share. She makes 3 trades, and the transaction fee is $⁢15 per trade. What is the total transaction fee Kinsley will pay?

Answer
A
45 dollars
B
90 dollars
C
180 dollars
D
30 dollars

Explanation

The transaction fee is charged per trade, so the number of shares and their price do not affect the fee. Multiply 3 trades by $15 per trade: 3 × $15 = $45. Kinsley will pay 45 dollars in transaction fees.

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