the price of one share of a companys stock declined $13.89 every day for 2.5 days. what was the stocks total…
the price of one share of a companys stock declined $13.89 every day for 2.5 days. what was the stocks total decline in price? which estimate uses compatible numbers to estimate the problem? what is the exact answer?
Answer
Answer:
$34.725$
Explanation:
Step1: Identify values
Decline per day = $13.89$, Number of days = $2.5$
Step2: Calculate total decline
Total decline = $13.89\times2.5=\frac{1389}{100}\times\frac{5}{2}=\frac{1389\times5}{100\times2}=\frac{6945}{200}=34.725$