In a class of 25 students, 15 of them have a cat
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Answer:
<em>The price per share after 4 hours is $21.43</em>
<em>The price per share after 20 hours is $4.15</em>
Step-by-step explanation:
<u>Equations</u>
The price of the company's stock is initially at $25.75 per share. Each hour the price drops by $1.08. This condition can be modeled by the function:
Where t is the time in hours.
The sign means the function is decreasing as time passes.
When t=4 hours, the price will be:
The price per share after 4 hours is $21.43
Now find the price when t=20 hours
The price per share after 20 hours is $4.15