To find the weighted dollar amount of Stock C, we need to use the amount invested and the rate of return (ROR) for Stock C. Here are the given values:
- Amount Invested in Stock C: [tex]$580
- Rate of Return (ROR) for Stock C: 11.2%
To find the weighted dollar amount of Stock C, follow these steps:
1. Convert the ROR from a percentage to a decimal.
\[
11.2\% = \frac{11.2}{100} = 0.112
\]
2. Multiply the amount invested in Stock C by the decimal ROR to find the weighted dollar amount.
\[
\text{Weighted Amount of Stock C} = \text{Amount Invested in Stock C} \times \text{ROR in decimal}
\]
\[
= 580 \times 0.112
\]
Using technology, the calculation yields:
\[
580 \times 0.112 = 64.96
\]
Therefore, the weighted dollar amount of Stock C is:
\[
\$[/tex] 64.96
\]
From the given options, the correct answer is:
[tex]\[
\$ 64.96
\][/tex]
