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5.2.19
Challenge A​ company's stock began the day at ​$25.75 per share. That price drops by ​$1.08 each hour. What is the price per share after 4 ​hours? What would it be after 20 hours if this rate​ continues? Use pencil and paper. Explain what the signs of the answers mean in this context.
The price per share after hours is
nothing dollars.

Respuesta :

elcharly64

Answer:

The price per share after 4 hours is $21.43

The price per share after 20 hours is $4.15

Step-by-step explanation:

Equations

The price of the company's stock is initially at $25.75 per share. Each hour the price drops by $1.08. This condition can be modeled by the function:

[tex]P(t)=25.75-1.08t[/tex]

Where t is the time in hours.

The sign means the function is decreasing as time passes.

When t=4 hours, the price will be:

[tex]P(4)=25.75-1.08\cdot 4=21.43[/tex]

The price per share after 4 hours is $21.43

Now find the price when t=20 hours

[tex]P(20)=25.75-1.08\cdot 20=4.15[/tex]

The price per share after 20 hours is $4.15

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