What is the decimal multiplier to increase by 5.3%?
1 answer:
You might be interested in
Answer:
Step-by-step explanation:
given,
initial price of buzz stock = $ 20 per share
after 20 days
stock price = $30 per share
after 40 days
the price = $35 per share
let say it is modeled by
y = ax² + b x + c
x = number of days
y = stock price
x = 0 y = 20
20 = a x 0 + b x 0 + c
c = 20
x = 20 y = 30
30 = 20² a + 20 b + 20
400 a + 20 b = 10...........(1)
x = 40 y = 35
35 = 40² a + 40 b + 20
1600 a + 40 b = 15...........(2)
solving equation (1)and (2)
a = - 1/160
b = 5/8
hence , the above equation is multipart function