3 years ago

E Question Help

Mathematics

2 answers:

Contact [7]3 years ago

5 0

Your answer will be A

Solnce55 [7]3 years ago

4 0

Answer:

If only it were that easy. After 1.44 hours, the price of the two stocks will be the same, 16.62.

Step-by-step explanation:

Let t be the time (in hours) after noon.

Stock(A) = 16.09 + 0.12 (t +3)

Stock(B) = 16.84 - 0.15t

Stock(A) = Stock(B)

16.09 + 0.12 (t+3) = 16.84 - 0.15t

16.09 + 0.12t + 0.36 = 16.84 - 0.15t

0.27t = 0.39

t=1.44 hours

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