The price per share of a stock changed by -$4.50 on each of 5 consecutive days. If the starting price per share was $67.50, what
1 answer:
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Answer:
= 8
Step-by-step explanation:
The n th term of a geometric sequence is
= a
where a is the first term and r the common ratio
Here a = 8 and r = - 24 ÷ 8 = - 3, thus
= 8