Answer:
(i) 4000
(ii) $5.00
Step-by-step explanation:
Let no. of shares of Company A be X
Let share price of Company B on Day 7 be $y
Share price of Company B on Day 12 = $(y-0.50)
(i)
Consider Day 7:
4.60x - 2000y = 7400................ (1)
Consider Day 12:
4.80x - 5000(y-0.50) = -5800
4.80x - 5000y + 2500 = -5800
4.80x - 5000y = -8300............... (2)
(1)*2.5:
11.5x - 5000y = 18500................. (3)
(3)-(2):
11.5x - 4.80x - 5000y + 5000y = 18500 + 8300
6.70x = 26800
x = 4000
(ii)
Sub. x = 4000 into (1):
4.60(4000) - 2000y = 7400
-2000y = 7400 - 18400
-2000y = -11000
y = 5.5
Share price of Company B on Day 12
= 5.50 - 0.50
= $5.00
Answer:
Hi... Your answer is... B
Using an exponential function, it is found that:
a) The doubling time of the salary is of approximately 20 years.
b) The salary will be of $160,000.
<h3>What is an exponential function?</h3>
An increasing exponential function is modeled by:

In which:
- A(0) is the initial value.
- r is the growth rate, as a decimal.
The growth rate for this problem is:
r = 0.035.
The doubling time is t for which A(t) = 2A(0), hence:






t = 20 years.
You retire in 40 years, which is 2 doubling periods, hence the salary will be of:
40000 x 2 x 2 = $160,000.
More can be learned about exponential functions at brainly.com/question/25537936
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