The value of a certain stock has decrease 5% per day for the past 10 days. The initial price of the stock was $30 per share. Which equation describes the value of the share price of the stock as a function of n the number of days elapsed during the 10 days period?

Respuesta :

Your answer is:

V(n) = 30(0.95)^n

Why?

Well here is why!

Rate of decrease = 5%

Period, n = 10 days

Initial stock price = $30

Value of share price as a function of n:

Value, V(n)

Initial price = A

V(n) = Initial price(1 - rate)^n

V(n) = 30(1 - 0.05)^n

V(n) = 30(0.95)^n

Hope this helps if it did mark brainlist!