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Advertising is x and revenue is y
(0,2)(2,6)
slope = (6 - 2) / (2 - 0) = 4/2 = 2
y = mx + b
slope(m) = 2
(0,2)...x = 0 and y = 2
now we sub and find b, the y int
2 = 2(0) + b
2 = b
so ur equation is : y = 2x + 2
spends 10 mill on advertising.....so x = 10
y = 2x + 2
y = 2(10) + 2
y = 20 + 2
y = 22.....so the revenue (y) of the company is 22 (million)
If you would like to know how much is the stock worth now, you can calculate this using the following steps:
1 year: 6 1/2 % of $875 = 6.5% * $875 = 6.5/100 * 875 = $56.875
$875 + $56.875 = $931.875
2 year: 6 1/2 % of $931.875 = 6.5% * $931.875 = 6.5/100 * 931.875 = $60.572
$931.875 + $60.572 = $992.447
3 year: 6 1/2 % of $992.447 = 6.5% * $992.447 = 6.5/100 * 992.447 = $64.509
$992.447 + $64.509 = $1056.956 = $1056.96 = $1057
The correct result would be: The stock is worth $1057 now.
The answer for this question is A
