Stock Value If a stock decreases in value by about
23% each year for 9 years, then its value will be
halved three times.
(a) Write an exponential expression that represents
“halved three times.”
(b) If the stock is initially worth $88 per share, how
much will it be worth if it is halved three times?

Question

Stock Value If a stock decreases in value by about
23% each year for 9 years, then its value will be
halved three times.
(a) Write an exponential expression that represents
“halved three times.”
(b) If the stock is initially worth $88 per share, how
much will it be worth if it is halved three times?

anonymous · Answer

Halved three times means you multiply half by three. Get it?
For the second part, multiply 88 by what you got for the first part.