The stock price per share of an item increases at percent rate of 95.69% every 5 months. (a) If initially at month t = 0 the price is $700, determine the price per share after 5 months and 10 months. Round your answer to the nearest 0.01 dollars. Time, t Stock price, y (months) (dollars per share) 700 Number 10 Number (b) Complete the boxes below to write a formula which gives y as a function of t, where t is in months. Do not include e in your formula. Report any calculated values to four decimal places. y = Number ( Number (c) By what percent rate does the price increase per month? Report your answer correct to two decimal places. Number % per month.
The stock price per share of an item increases at percent rate of 95.69% every 5 months. (a) If initially at month t = 0 the price is $700, determine the price per share after 5 months and 10 months. Round your answer to the nearest 0.01 dollars. Time, t Stock price, y (months) (dollars per share) 700 Number 10 Number (b) Complete the boxes below to write a formula which gives y as a function of t, where t is in months. Do not include e in your formula. Report any calculated values to four decimal places. y = Number ( Number (c) By what percent rate does the price increase per month? Report your answer correct to two decimal places. Number % per month.
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 33A: The average percent defective product of a manufacturing plant is 1.20%. On a particular day 50...
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Transcribed Image Text:The stock price per share of an item increases at percent rate of 95.69% every 5 months.
(a) If initially at month t = 0 the price is $700, determine the price per share after 5 months and 10 months.
Round your answer to the nearest 0.01 dollars.
Stock price, y
(dollars per share)
Time, t
(months)
700
5
Number
10
Number
(b) Complete the boxes below to write a formula which gives y as a function of t, where t is in months.
Do not include e in your formula. Report any calculated values to four decimal places.
y=
Number
( Number
(c) By what percent rate does the price increase per month?
Report your answer correct to two decimal places.
Number
% per month.
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