The price of Stock A at 9 A.M. was​ $15.75. Since​ then, the price has been increasing at the rate of​ $0.05 per hour. At​ noon, t

Question

The price of Stock A at 9 A.M. was​ $15.75. Since​ then, the price has been increasing at the rate of​ $0.05 per hour. At​ noon, the price of Stock B was​ $16.53. It begins to decrease at a rate of​ $0.13 per hour. If the stocks continue to increase and decrease at the same​ rates, in how many hours will the prices of the stocks be the​ same?

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Thạch Thảo 1 month 2022-12-27T05:48:39+00:00 1 Answer 0 views 0

Answer ( 1 )

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    2022-12-27T05:50:08+00:00
    Answer:
    the price of Stock A and Stock B will be the same after 3.5 hours.
    Step-by-step explanation:
    15.75 + (0.05 × 3) = 15.90
    15.90 + 0.05t= 16.53 – 0.13t
    0.05t + 0.13t = 16.53 – 15.90
    0.18t = 0.63
    t = (0.63 ÷ 0.18)
    t = 3.5

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