Based on the stock price and its growth rate, the function that models the situation is 48 (1 + 8%) ^ n. The price of the stock 6 years from now is $76.17.
<h3>What is the best function for the stock's growth?</h3>
The value of a stock in future can be calculated using several types of formulas that take into account the various characteristics of the stock.
For this stock, the value of the stock at any given year is:
= Current price of stock x ( 1 + growth rate) ^ number of years from now
Assuming the number of years is n, the function becomes:
= 48 x ( 1 + 8%) ^n
In 6 years, the price will be:
= 48 x ( 1 + 8%) ⁶
= $76.17
Find out more on stock price growth at brainly.com/question/19338801
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Answer:
<em>The age at which both companies charge the same premium is 44 years</em>
Step-by-step explanation:
<u>Graph Solution to System of Equations</u>
One approach to solving systems of equations of two variables is the graph method.
Both equations are plotted in the same grid and we find the intersection point(s) of both graphs. Those are the feasible solutions.
The annual premium p as a function of the client's age a for two companies are given as:
Company A: p= 2a+24
Company B: p= 2.25a+13
The graphs of both functions are shown in the image below.
The red line indicates the formula for Company A and the blue line indicates the formula for Company B.
It can be seen that both lines intersect in the point with approximate coordinates of (44,112).
The age at which both companies charge the same premium is 44 years
Answer: 92
Step-by-step explanation:
<h3>
Answer is -15</h3>
We read this out as "negative 15" or you could write "negative fifteen".
The negative indicates the temperature went down. It doesn't necessarily mean that the final temperature is -15 degrees.
For example, if it starts being 50 degrees F, and drops by 15 degrees, then 50+(-15) = 50-15 = 35 degrees is the temperature after that drop. It might help to use a vertical number line.
