Charles bought shares at $3.80 each, for a total of $24,700. (a) Calculate the number of shares purchased. The exchange rate at the time was $1.

 Charles bought shares at $3.80 each, for a total of $24,700.(a) Calculate the number of shares purchased. The exchange rate at the time was $1.90 to £1(b) Calculate the cost per share and the total amount in pounds. Three years later, he sold 2,500 of the shares at $4.37 each.(c) Calculate:(i) the amount received (ii) the average increase in share price per annum (iii) the rate of simple interest that would give the same increase on investment.