186k views
3 votes
I don’t need an explanation but someone please help

I don’t need an explanation but someone please help-example-1

1 Answer

2 votes

Answer:

The prices of the 2 stocks will be the same at 13.6 hours

Explanation:

Write 2 equations with the given information:

y = 0.07(x - 9) + 15.53

y = -0.11(x - 12) + 16.03

y is price and x is time

Find where they intersect:

0.07(x - 9) + 15.53 = -0.11(x - 12) + 16.03

0.07x - 0.63 + 15.53 = -0.11x + 1.32 + 16.03

0.07x + 14.9 = -0.11x + 16.35

0.18x = 2.45

x = 13.6

The prices of the 2 stocks will be the same at 13.6 hours

User KompjoeFriek
by
8.2k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories