Question

In how many hours will the prices of Stock A and Stock B be the same if Stock A's price increases by $0.06 per hour and Stock B's price decreases by $0.15 per hour?

a) 15 hours
b) 20 hours
c) 25 hours
d) 30 hours

Answer 1

It will take approximately 6 hours for the prices of Stock A and Stock B to be the same.

Step-by-step explanation:

To find the number of hours it will take for the prices of Stock A and Stock B to be the same, we can set up an equation:

Price of Stock A = Price of Stock B

15 - 1.5x = 25 + 0.15x

Combine like terms: 1.65x = 10

Divide both sides by 1.65: x = 6.06

Rounding to the nearest whole number, it will take approximately 6 hours for the prices of Stock A and Stock B to be the same.