Question

a stock has to return of -$1.26 per day. write and solve an equation to find the number of days until total return is -$10.08

Answer 1

The number of days until total return is -$10.08 is 8

Step-by-step explanation:

A stock has to return of -$1.26 per day.

So, Slope = m = -$1.26

Formula : $y= mx$

Substitute the value of m

Equation of given situation = y = -1.26x

y is the amount after x days

So, we are supposed to find number of days until total return is -$10.08

So, Substitute y = -10.08

$y = -1.26x\\\\-10.08=-1.26x\\\\\frac{-10.08}{-1.26}=x\\\\x=8$

Hence the number of days until total return is -$10.08 is 8

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