Register
Stock valued at $49.50 decreases in value by 12% each year. How much will the stock be worth in 5 years? Round your answer to the nearest penny 2 decimal places.  f(t)=49.50(1-.12)^t
104k views
25 votes
Stock valued at $49.50 decreases in value by 12% each year. How much will the stock be worth in 5 years? Round your answer to the nearest penny 2 decimal places. 

f(t)=49.50(1-.12)^t

User Josh Handel
by
8.2k points

1 Answer

7 votes

Answer:

Explanation:

f(5)=49.5(0.88)^5

f(5)=$26.12

User Catcon
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!