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8 October, 16:15

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

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  1. 8 October, 20:13
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    year 2000: P = 50

    year 2004: P = 24

    Step-by-step 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.
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