Answer:
127.5
Step-by-step explanation:
The given series is 26 + 24.5 + 23 + 21.5 + ... - 17.5
The first term of this series is a=26
The common difference is d=24.5-26=-1.5
The last term of the series is -17.5
The nth term is given by:
n=30
The sum of the series:
Given:
Initial price of the stock=$43.85
Change for the first two days=+$2.70
Change for next two days=-$1.10
Last day=-$4.45
The objective is to find the price at the last day.
Let's take the price at final day as <em>x</em>.
Hence, the price of the stock at the last day is $42.6