Question

The price of stock a at 9 am was $15.95 since then the price has been increasing at the rate of 0.11 each hour at noon. the price of stock p was $16.45. it begins to decrease at the rate of 0.09 cents each hour if the two rates continue in, how many hours with the prices of the two stocks be the same

Answer 1

The prices of the two stocks will be the same after 2.5 hours.

Step-by-step explanation:

To find the number of hours at which the prices of the two stocks will be the same, we need to set up an equation. Let's say x represents the number of hours since 9 am.

For stock A, the price at x hours is given by 15.95 + 0.11x.

For stock P, the price at x hours is given by 16.45 - 0.09x. Setting the two equations equal to each other, we have:

15.95 + 0.11x = 16.45 - 0.09x

0.20x = 0.50

x = 2.5 hours

ThErefore, the prices of the two stocks will be the same after 2.5 hours.