I'm pretty sure you already solved this by now, but I'll say the answer anyway. This problem has already been solved by another as a verified answer.
This is the concept of financial algebra, we are required to calculate the value of stock ABC which follows the model given by:
y=12.21x+37.42
given that x=62 days,
the value of th estock after 62 days will be given by:
y=12.21(62)+37.42
y=757.02+37.42
y=794.44
ABC will be worth $794.44
I take no credit for this answer. It was solved by CastleRook.
Answer:
8,417.769
8416 + 0.28 is just adding 28 at the end so 8416.28
now 8416.28 + 1.489 is 8,417.769
the awnser is 8,417.769
Step-by-step explanation:
For this problem, I'd use cross-multiplication.
9/12 = x/8.
When cross multiplying, multiply 12*x and 9*8. This leads to a new equation:
12x = 72.
Then you solve as an algebra problem.
*Divide 12 on both sides*
x = 6.
Ohh come se diceee uhhh i dont know the answer :)
