Solve system by substitution Y=-2x+16 Y=2x
1 answer:
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Answer:
After 13.6 weeks the price per share will be $20.
Step-by-step explanation:
The stock's price has been continuously declining at a rate of 5% per week.
Now, if the stock's price is $62.50 per share at the start, then after w weeks the price will be dollars.
Hence, we have to find the value of w if the after w week price per share is $20.
So,
⇒
⇒
⇒ w = 13.6 weeks
Therefore, after 13.6 weeks the price per share will be $20. (Answer)