The price of one share of Acme Company declined $5 per day for 4 days in a row. How much did the price of one share change in th
2 answers:
Answer:
The price of one share change in the total after the 4 days is $20.
Step-by-step explanation:
The price of one share of Acme Company declined $5 per day for 4 days in a row.
So, the price of one share change in the total after the 4 days is given by =
dollars
Therefore, the price of one share change in the total after the 4 days is $20.
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Answer:
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:
<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
First, change 6% into a decimal:
6% -> -> 0.06
Since the interest is compounded semi-annually, we will use 2 for n. Lets plug in the values now and your equation will be: