Mathematics, 10.06.2021 18:10 joannachavez12345

The value of a stock share in a new technology company has been increasing at a rate of 8.6% quarterly. The initial price of one share was $102.15. An investor plans to sell once the value of one share reaches $233.10. If t is the number of quarters since the initial price of one share was set, which equation could be used to determine how long it will take the share to reach $233.10, assuming it continues to grow at the same rate?

A.
102.15 = 233.10(0.086)t
B.
233.10 = 102.15(1.086)t
C.
233.10 = 102.15(1.86)t
D.
102.15 = 233.10(0.914)t

Answers: 2

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The value of a stock share in a new technology company has been increasing at a rate of 8.6% quarter...