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Answer:
Hence After 2 years from 2009 to 2011 THe price for share of stock will be 5.8141 $
Step-by-step explanation:
Given:
Initial price=$5.36
Rate=4.15 %
To Find:
Function which represents the growth price for stock market?
Solution:
As the function is growing one and with same rate and depends upon the time period ,
So the exponential function as
will the required function ,
So P will be price of stock at t time period with R as rate for function.
A be the previous year price
From 2009 to 2013 rate is 4.15 %
we have to find price after 2 years
So t=2 , A at 2009 =5.36$
So P at 2011 will be given by,