Question

5.2.19

Answer 1

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:

$P(t)=25.75-1.08t$

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:

$P(4)=25.75-1.08\cdot 4=21.43$

The price per share after 4 hours is $21.43

Now find the price when t=20 hours

$P(20)=25.75-1.08\cdot 20=4.15$

The price per share after 20 hours is $4.15