1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimulka [17.4K]
3 years ago
15

9. A stock's price has been continuously declining at a rate of 5% per week. If the stock started at a price of

Mathematics
1 answer:
WARRIOR [948]3 years ago
4 0

Answer:

After 13.6 weeks the price per share will be $20.

Step-by-step explanation:

The stock's price has been continuously declining at a rate of 5% per week.

Now, if the stock's price is $62.50 per share at the start, then after w weeks the price will be 62.5(1 - \frac{5w}{100} ) dollars.

Hence, we have to find the value of w if the after w week price per share is $20.

So, 62.5(1 - \frac{5w}{100} ) = 20

⇒ 1 - \frac{w}{20} = \frac{20}{62.5} = 0.32

⇒ \frac{w}{20} = 0.68

⇒ w = 13.6 weeks

Therefore, after 13.6 weeks the price per share will be $20. (Answer)

You might be interested in
What is the missing term in the quadratic expression below?<br><br> (2x-3)(x-4)=2x^2+____ -12
cupoosta [38]

Answer:

ok

Step-by-step explanation:

6 0
2 years ago
Read 2 more answers
We went on a road trip and drove 70 miles per hour.If we continued at this speed,how long would it take us to drive 420 miles.sh
jonny [76]

Answer:

6 hours

Step-by-step explanation:

420 ÷ 70 = 6. Divide the distance and speed to get the amount of time.

4 0
3 years ago
What is this plz help me
iren [92.7K]
20 is the answer for x
8 0
2 years ago
Read 2 more answers
Help !!!!!!!!!! i need somebody to answer this
Mademuasel [1]

Answer:

B

Step-by-step explanation:

because it says between 4 and 8 and doesn't have a negative so its positive

7 0
2 years ago
Read 2 more answers
An investor puts $2,500 into a life insurance policy that pays 10% simple annual interest. If no additional investment is made i
Novosadov [1.4K]

Answer:

$3750

Step-by-step explanation:

Amount = principal + interest

Simple interest = Principal *Rate * time/100

Simple interest = 2500*10*5/100

Simple interest  = 25*50

Simple interest = $1250

Amount = $2500+$1250

Amount after 5 years is $3750

4 0
2 years ago
Other questions:
  • The table shows the profits (y) in millions of dollars for Buffalo Wild Wings for each year (x) from 2007 through 2013, where x=
    8·1 answer
  • How many square units are in an office that is 18 units by 8 units?
    7·1 answer
  • Morgan wants to purchase a Nintendo Switch. He has $94 in his savings.
    14·1 answer
  • If you roll 5 dice what is the probability of getting exactly 3 dices with 4 and two something other than 4
    12·1 answer
  • The measure of an angle is two times the measure of its complementary angle. What is the measure of each angle?
    15·1 answer
  • (K² +8K² + 10k +21) / (K +7)
    11·1 answer
  • The rectangle below has an area of x^2+11x+28 square meters and a length of x+7meters. What expression represents the width of t
    8·1 answer
  • Solve for x in the figure below
    11·2 answers
  • PLEASE HELP ILL MARK BRAILIEST! A rectangle has an area of 4 square meters. The width is 1/5 meter. What is the length of the re
    15·1 answer
  • In the equation Z=25/5, what is the next step
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!