Question

A company's stock began the day at $38.12 per share. That price drops by $1.45 each hour. a. What is the price per share after 5 hours? b. What would it be after 28 hours if this rate continues? c. Explain what the signs of the answers mean in this context.​

Answer 1

After 5 hour the stock price would drop to $30.87 after 28 hours it would $-2.48

$1.45x$5=$7.25
$38.12-7.25=$30.87

$1.45x$28=$40.6
$38.12-$40.6=$-2.48

5hr=$30.87
28hr=$-2.48