Question

The price of a stock falls $1.50 each day for 7 days.

Answer 1

Answer

given,

Price of the stock =  $36

stock price fall per day =  $1.50

number of days price fall = 7 days

a) the price of the stock changes by = $1.50 x 7

                                                            = $10.5

   Price of stock decreased by $10.5

b) Price of stock after 7 days

                     = $36 - $10.5

                     = $25.5

    the value of stock after 7 days is equal to $25.5