John bought $700 of Microsoft stock in January of 2009. The value of the stock is expected to increase by 8.5% per year.
1 answer:
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Answer:
5v + 32y = 350
Step-by-step explanation:
Let, the year counting starts in 2011 and represented by y.
So, the share of ABC stock value was $70 at y = 0. And in the year 2016 i.e. y = (2016 - 2011) = 5, the share worth $38.
If there is a linear relationship between the number of years since 2011 i.e. y and the value of the share of ABC stock i.e. v, then we can write the equation of this situation as
⇒ 5v - 350 = - 32y
⇒ 5v + 32y = 350 (Answer)