Question

ANSWER FAST PLEASE, THIS IS DUE SOON!!

The price of Stock A at 9 A M was $13.06 Since then, the price has been increasing at the rate of $0.08 each hour. At noon the price of Stock B was $13.56. It begins to decrease at the rate of $0.14 each hour. If the two rates continue, in how many hours will the prices of the two stocks be the same?

Answer 1

To find out when the prices of Stock A and Stock B will be the same, we can set up an equation:

Let x be the number of hours.

Price of Stock A = $13.06 + $0.08x

Price of Stock B = $13.56 - $0.14x

To find when they are equal:

$13.06 + $0.08x = $13.56 - $0.14x

Now, we can solve for x:

$0.08x + $0.14x = $13.56 - $13.06

$0.22x = $0.5

Now, divide by $0.22:

x = $0.5 / $0.22

x ≈ 2.27 hours

So, the prices of Stock A and Stock B will be the same after approximately 2.27 hours. This means after 2 hours and 16 minutes.