Question

The price of a particular stock is represented by the linear equation y = -0.91x + 103.47, where x represents the number of weeks the stock has been owned and y represents the price of the stock, in dollars. If this relationship continues, what is the price of the stock after it has been owned for 12 weeks?

Answer 1

X= number of weeks
Y =price of stock
if it is owned for 12 weeks then price of stock= ?
y= -0.91(12)+103.47
y= -10.92+103.47
y=$92.55
so the price of stock owned for 12 weeks will be= $92.55

Answer 2

The price of price of the stock after it has been owned for 12 weeks is $92.55.

Explanation:

Given: The price of a particular stock is represented by the linear equation

y = -0.91x + 103.47

where x represents the number of weeks the stock has been owned and y represents the price of the stock, in dollars.

We have to find the price of price of the stock after it has been owned for 12 weeks.

Since , x represents the number of weeks the stock has been owned.

Thus, by substitute, x = 12

We get the value of y , the price of stocks.

Thus, y(x) = -0.91x + 103.47

⇒ y(12) = -0.91(12) + 103.47

⇒ y(12) = -10.92 + 103.47

Solving , we get,

⇒ y(12) = 92.55

Thus, the price of price of the stock after it has been owned for 12 weeks is $92.55.