Question

A stock worth $42 at the beginning of the day. The stock depreciates 15% every hour. How much will the stock be worth after 7 hours

Answer 1

14.46

Explanation:

first hour: 35.7

2 hour: 30.34

3 hour: 25.79

4 hour: 21.93

5 hour: 18.64

6 hour:15.85

7 hour:14.46