Answer:
34.10
Step-by-step explanation:
Note:
16% = .16
Important:
What was the <u>old price</u> of the shoes
Solution:
40.60 x .16 = 6.946 [Round:6.50]
40.60-6.50= 34.10
Hence, the old price of the shoes is $34.10
The analyst believes the value of the stock at the end of three weeks will be $134.
<h3>
What are stocks?</h3>
- Stock (also known as capital stock) in finance refers to the shares of ownership in a corporation or company.
- A single share of stock represents fractional ownership of the corporation based on the total number of shares.
- This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from asset liquidation (after discharge of all senior claims such as secured and unsecured debt), or voting power, which are often divided in proportion to the amount of money invested by each stockholder.
To find the value of the stock:
- Because the stock price drops by 28% every week, it will be:
- 100 - 28 = 72% every week.
- So, r = 0.72.
- Then, the equation V = 360(r)∧t will be V = 360(0.72)∧t .
- After 3 weeks, V = 360(0.72)³ = 134.47 = 134
Therefore, the analyst believes the value of the stock at the end of three weeks will be $134.
Know more about stocks here:
brainly.com/question/690070
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The correct question is given below:
To the nearest dollar, what does the analyst believe the value of the stock will be at the end of three weeks? (Note: Disregard the $ sign when gridding your answer.)
Answer:
round to the nerest hundered
Step-by-step explanation:
Answer:
341
Step-by-step explanation:
The number of people who know the art of quilting in each successive generation is
1, 4, 16, …
These numbers represent a geometric sequence where each term has the form
aₙ = a₁rⁿ⁻¹
In your sequence, a₁ = 1 and r = 4.
Then, the formula for your sequence is
aₙ = 4ⁿ⁻¹
Sum over five generations
The formula for the sum of the first n terms of a geometric series is
Sum = a₁[(1 - rⁿ)/(1 - r)]
Sum = 1[(1 - 4⁵)/(1 - 4)
= (1 - 1024)/(-3)
= -1023/-3
= 341
If the process continues for five generations, 341 people will know the art of quilting.
