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Sagot :
Answer:
The prices of the two stocks will be the same in 1.56 hours.
The price of Stock A at 9 A.M. was $12.95 Since then, the price has been increasing at the rate of $0.12 each hour.
This means that after x hours, the value of Stock A is:
After noon:
Noon is 3 hours after 9 AM, so
So in x hours after noon, the value is given by:
At noon the price of Stock B was $13.70. It begins to decrease at the rate of $0.13 each hour.
This means that after x hours, the value of Stock B is:
In how many hours will the prices of the two stocks be the same?
This is x for which:
The prices of the two stocks will be the same in 1.56 hours.
Step-by-step explanation:
Hope this helps:)
Answer:
three hours
Step-by-step explanation:
stock A would be at 14.65+0.13+0.13+0.13=15.04
stock B would be at 15.40-0.12-0.12-0.12=15.04
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