Answer: $5.22 (in the year 2021)
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Explanation:
The year 2021 is 22 years after 1999 since
2021 - 1999 = 22
That means we'll plug x = 22 into the equation given to us
P = 144*(0.86)^x
P = 144*(0.86)^22
P = 5.21588994768589 which is approximate
P = 5.22 rounding to the nearest cent
The share price is about $5.22 in the year 2021.
This assumes that the 14% decline keeps happening year after year; however, in reality, stocks are more complicated and fluctuate more randomly if anything.
30 x 0.75 = 22.5 .............(1st)
22.5 x 0.75 = 16.875 ......(2nd)
16.875 x 0.75 = 12.66 ....(3rd)
ANSWER: C) 12.66
I wish i could show u how to work it out but just do it or work it out the same way as the fractional numbers.
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