Question

. Mira bought $300 of Freerange Wireless stock in

January of 1998. The value of the stock is expected
to increase by 7.5% per year. Use a graph to predict
the year the value of Mira's stock will reach $650.

Answer 1

To predict the year when the value of Mira's stock will reach $650, we can use the given information that the value of the stock is expected to increase by 7.5% per year. We can create a graph to visualize the growth of the stock value over time.

Let's assume that the x-axis represents the years starting from 1998 and the y-axis represents the value of the stock. We'll plot the initial value of $300 in January 1998 and then project the growth based on an annual increase of 7.5%.

Here's a rough representation of the graph:

```
| /
650| /
| /
| /
|/
|_________________
1998 1999
```

Based on this graph, it appears that the value of Mira's stock will reach $650 in the year 1999.

Please note that this is a simplified approximation based on the given growth rate and does not take into account factors such as market fluctuations or compounding. The actual year of reaching $650 may vary depending on various real-world factors.