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Ede4ka [16]
2 years ago
8

In 1999, the share price for General Motors stock was $144 per share but has been declining at an average rate of 14% per year.

The equation P = 144(0.86)x will give the value of the stock after any number of years. What is the current share price for GM stock?
Mathematics
1 answer:
vodomira [7]2 years ago
7 0

Answer:  $5.22  (in the year 2021)

========================================================

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.

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geniusboy [140]

Answer: y = -3/4x + 7

Step-by-step explanation:

first find slope:

y2-y1 / x2 - x1

1-4 / 8-4

-3/4

now just plug the slope (m) into the equation of a line using one of the points to find the y intercept

ill use (8,1)

1 = (-3/4)(8) + b

now solve :)

1 = -6 + b

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2 years ago
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timurjin [86]

Answer:

x=4

Step-by-step explanation:

In order to solve for x, we must isolate x on one side of the equation.

x+3x+5=21

First, combine like terms. x and 3x are both terms with variables, and can be combined.

(x+3x) + 5=21

4x + 5=21

5 is being added to 4x. The inverse of addition is subtraction. Subtract 5 from both sides of the equation.

4x+5-5= 21-5

4x= 16

x is being multiplied by 4. The inverse of multiplication is division. Divide both sides by 4.

4x/4=16/4

x= 16/4

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Let's check our solution. Plug 4 in for x and solve.

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4+3(4)+5=21

4+12+5=21

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This solution checks out, so we know our answer is correct.

x is equal to 4, x=4.

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