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mash [69]
3 years ago
5

Mark buys Apple stock for $100 and its value increases by a factor of 1.5 each week. Which equation represents the relationship

between the number of weeks past since purchase, t, and the current value of the stock, V?
Mathematics
1 answer:
Bingel [31]3 years ago
3 0

Given:

Initial value of the stock = $100

Growth factor = 1.5 each week.

To find:

The equation that represents the relationship between the number of weeks past since purchase and the current value of the stock.

Solution:

Let V be the current value of the stock after t week.

The exponential growth model is:

V=ab^t

Where, a is the initial value of stock, b is the weekly growth factor, t is the number of weeks.

Substituting a=100,b=1.5, we get

V=100(1.5)^t

Therefore, the required equation for the given situation is V=100(1.5)^t.

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