A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function Upper S left parenthesis t right parenthesis equals 41 plus 20 e Superscript negative 0.05 t Baseline comma where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first seven years.

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19-06-2024
Mathematics

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A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function Upper S left parenthesis t right parenthesis equals 41 plus 20 e Superscript negative 0.05 t Baseline comma where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first seven years.

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