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23 July, 07:04

A stock value doubles every 42 days. If the stocks start out with $5.00, what will the value of the stock be in 18 weeks?

A.) $125.00

B.) $15.00

C.) $30.00

D.) $40.00

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Answers (1)
  1. 23 July, 07:24
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    We know that the stock value doubles every 42 days and that the stocks start out with $5.00.

    We should find the value of the stock in 18 weeks. Let us denote this value with S.

    One week has 7 days, so 18 weeks have: 18*7=126 days.

    In order to find how many times the stocks value was doubled we should divide this number of days with 42: 126/42=3

    So, after 18 weeks the value of the stock would be: 5->5*2-> (5*2) * 2=40

    answer:

    D.) $40.00
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