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Stock for the jones corporation starts with a value of $39.63 and gains $0.30 in value per month. stock for the overton company starts with a value of $24.45 and gains $0.80 in value per month. when are the two stocks nearly equal in value?

Respuesta :

Using linear functions, it is found that the two stocks will be nearly equal in 30 months.

What is a linear function?

A linear function is modeled by:

y = mx + b

In which:

  • m is the slope, which is the rate of change, that is, by how much y changes when x changes by 1.
  • b is the y-intercept, which is the value of y when x = 0, and can also be interpreted as the initial value of the function.

Each of the stocks can be modeled by these following functions:

  • S1(t) = 39.63 + 0.3t.
  • S2(t) = 24.45 + 0.8t.

They will be equal when:

S1(t) = S2(t).

Hence:

39.63 + 0.3t = 24.45 + 0.8t

0.5t = 15.18

t = 15.18/0.5

t = 30.36.

Rounding, approximately 30 months.

More can be learned about linear functions at https://brainly.com/question/24808124

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