Question

The price of stock market in at 9 AM was 13.17 then the price has been increasing at a rate of 0.11 each hour at noon the price of stuff he was 13.67 it begins to decrease at the rate of 0.12 each hour if the two rates continue and how many hours were the prices of the two stocks with the same

Answer 1

2.26 hours

Explanation:

Given that:

Stock 1:

Initial price = 13.17

Rate of increase = $0.11 per hour

13.17 + 0.11h - - - (1)

Stock 2 :

Initial price = 13.69

Rate of decrease = 0.12 per hour

13.69 - 0.12h - - (2)

13.17 + 0.11h = 13.69 - 0.12h

0.11h + 0.12h = 13.69 - 13.17

0.23h = 0.52

h = 0.52 / 0.13

h = 2.26 hours