a = 3.5(-88 + m)\nthe amount, a, in dollars, earned for lending a stock on margin and holding it for m…
a = 3.5(-88 + m)\nthe amount, a, in dollars, earned for lending a stock on margin and holding it for m months is given by the equation. how many months of holding are needed for the earnings to be 0 dollars?
Answer
Explanation:
Step1: Set A equal to 0
$0 = 3.5(-88 + m)$
Step2: Divide both sides by 3.5
$\frac{0}{3.5}=\frac{3.5(-88 + m)}{3.5}$ $0=-88 + m$
Step3: Solve for m
$m = 88$
Answer:
88