199k views
5 votes
If the two rates​ continue, in how many hours will the prices of the two stocks be the​ same

If the two rates​ continue, in how many hours will the prices of the two stocks be-example-1
User Tetrinity
by
8.3k points

1 Answer

3 votes

3.26086957 hours

The question into an equation would look like this:

15.17+0.09x=15.92-0.14x

Now, to solve for x, the number of hours, would look like this:

Rearrange

15.17+0.09x=15.92-0.14x ---> 0.09x+15.17=-0.14x+15.92

Subtract 15.17 from both sides

0.09x+15.17-15.17=-0.14x+15.92-15.17

0.09x=-0.14x+0.75

Add 0.14x to both sides

0.09x + 0.14x =-0.14x+0.75 + 0.14x

0.23x = 0.75

Divide both sides by 0.23

0.23x /0.23 = 0.75 /0.23

x = 3.2608695652173913043478260869565

And there you have it!

Hope this helps!

Let me know if you need anything else :)