Question

The price of stock A at 9 a.m was $13.23 since then, the price has been increasing at the rate of $0.11 each hour. At noon the price of stock B was $13.98. It begins at the rate of $0.09 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 the number of hours it takes for the prices of stock A and stock B to be the same, we can set up the
equation: 13.23 + 0.11x = 13.98 +
0.09x. Simplifying the equation, we
find that x = 37.5. So, it will take
approximately 37.5 hours for the prices of both stocks to be the same.