Question

The price, P, of a certain stock is given by the formula P = -6t + 50 when t is the number of years since 2000. Find the price of the stock in the year 2000 and the year 2004

Answer 1

year 2000: P = 50

year 2004: P = 24

Explanation:

t is the number of years since 2000, so for the year 2000, we have that t = 0.

Using this value in the equation, we find that:

P = -6 * 0 + 50 = 50

The price of the stock in year 2000 is 50.

For the year 2004, we have that t = 4, so using this value in the equation for P, we have:

P = -6 * 4 + 50 = -24 + 50 = 26

The price of the stock in year 2004 is 24.