<h2><u>Given</u><u>:</u><u>-</u></h2>
<h2><u>Solution</u><u>:</u><u>-</u></h2>
Answer:
a. $45.86
b. $43.87
c. Percentage change = -4.40%)
Step-by-step explanation:
a. Let the price of share at the beginning of first year be represented with X
Now, Price of company's share dropped by 3.50% at the end of first year.
So, Price of share at the end of first year = x - 3.5% of x
= x - 0.035x
= 1x - 0.035x
= 0.965x
But it is equal to $44.25
=> 0.965x = 44.25
x = 44.25 / 0.965
x = 45.8549223
x = $45.86
b. During second year price of share decreased by $1.99. Therefore, Price of share at the end of second year = $45.86 - $1.99 = $43.87
c. Percentage change in the price of shares over two years = {(45.86 - 43.87)/45.86} *100
= (1.99/45.86)*100
= 0.04339294 * 100
= 4.40%
Now, as price of shares has dropped, the percentage change will be negative. (Δ% = -4.40%)
Answer:
6 I think
Step-by-step explanation:
7 + 5(x - 3) = 22
7 + 5x - 15 = 22
7 + 5x = 37
5x = 30
x = 6
{ 6 }
Almost 45 minutes. I’m just guessing no
