Solve Write Your Answer in Simplest Form $3 \frac { 1 } { 2 }$

question 298

Multiple Choice

Solve. Write your answer in simplest form.
-A nail $3 \frac { 1 } { 2 }$ inches long is driven into a board $2 \frac { 2 } { 5 }$ inches thick. How much of the nail protrudes fror the other side of the board?

• A) \(\frac { 2 } { 9 }\) inch
• B) \(1 \frac { 1 } { 10 }\) inches
• C) \(2 \frac { 4 } { 9 }\) inches
• D) \(\frac { 1 } { 10 }\) inch

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Definitions:

Trading Costs

Expenses incurred in the process of buying or selling securities, including commissions, spreads, and slippage.

Marketable Securities

Financial instruments that can be quickly converted into cash at market value, such as stocks, bonds, and Treasury bills.

Daily Interest Rate

The interest rate applied to a loan or investment for a single day, often used for calculating interest over short periods.