Question

The price of a stock falls $1.50 each day for 7 days.

A)Find the total change in the price of the stock.


B)If the value of the stock was $36, before the price of the stock started falling for 7 days, find the price of the stock after those 7 days.

Answer 1

given,

Price of the stock = $36

stock price fall per day = $1.50

number of days price fall = 7 days

a) the price of the stock changes by = $1.50 x 7

= $10.5

Price of stock decreased by $10.5

b) Price of stock after 7 days

= $36 - $10.5

= $25.5

the value of stock after 7 days is equal to $25.5