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4 years ago

11

30 POINTS PLEASE HELP

1 answer:

s2008m [1.1K]4 years ago

6 0

7/16 is .4375, rounding to the nearest hundredth means you find the value that is two to the right of the decimal place, and use the 3rd number after as a basis to round it. Since 7 is greater then 5, you'll round the second number place up, putting your answer as .44, tack that onto the end of the 26 and you have 26.44 as your answer, or as a fraction, 26 11/25

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3 years ago

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You buy Apple stock for $120 per share over a period of time the stock value increased at a weekly rate of 5% you sell the stock

Rainbow [258]

Answer:

8.31 weeks

Step-by-step explanation:

Given that the cost of one share of Apple stock, C=$120

Rate is the increment of the stock value, R= 5%/week=0.05 / week.

Assuming that after t week, the stock has been sold for $180.

Since the stock value increased at 5% every week, so, the interest is compounded weekly, so

$S=C\left(1+R\right)^t \\\\ \Rightarrow 180 = 120\left(1+0.05\right)^t \\\\ \Rightarrow 180 = 120\left(1.05 )^t \\\\$

$\Rightarrow \frac{180}{120}=1.05^t \\\\\Rightarrow 1.5=1.05^t$

$\Rightarrow \ln(1.5)=t \ln(1.05)$ [taking log both sides]

$\Rightarrow t=\frac {\ln(1.5)}{\ln(1.05)}=8.31$ weeks

Hence, after 8.31 weeks the stock has been sold for $180.

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3 years ago