Answer:
x = 4.29 hours
Step-by-step explanation:
Let
x = number of hours
Stock A at 9.00 AM
13.63 + 0.13x
Stock B at 12.00 pm
14.38 - 0.15(x - 3)
in how many hours will the prices of the two stocks be the same?
Equate the change in prices of both stock
13.63 + 0.13x = 14.38 - 0.15(x - 3)
13.63 + 0.13x = 14.38 - 0.15x + 0.45
13.63 + 0.13x = 14.83 - 0.15x
13.63 - 14.83 = -0.15x - 0.13x
-1.2 = -0.28x
x = -1.2/-0.28
x = 4.2857142857142
Approximately,
x = 4.29 hours
Answer:
25.92
Step-by-step explanation:
8% of 24 is 1.92, 1.92+24 is 25.92
I think answer is 120 right?
Sorry if my answer is incorrect.
