Question

Gordon is evaluating some stocks he wants to purchase. You can see the function of the stock price below. The variable x represents days.
Stock A B C
Price f(x) = 25(1.08)x
xf(x)
022.00
121.56
221.13The initial price of this stock is $30, but it has been increasing 4% each day.Create the price function for Stock D. It should have the second lowest starting price and the second highest rate of growth. Using complete sentences, justify that your function meets these requirements.Graph the price function for Stock D. Explain the key features of the graph with complete sentences.
A recent

Answer 1

The spacing of the problem is a bit confusing. I have reposted it here :

Gordon is evaluating some stocks he wants to purchase. You can see the function of the stock price below. The variable x represents days.

Stock
A: f(x) = 25(1.08)\(\large ^x \)
B: x f(x)
0 22.00
1 21.56
2 21.13
C: The initial price of this stock is $30, but it has been increasing 4% each day.

1.) Create the price function for Stock D. It should have the second lowest starting price and the second highest rate of growth. Using complete sentences, justify that your function meets these requirements.
2.) Graph the price function for Stock D. Explain the key features of the graph with complete sentences

Answer 2

From the table we have the following information. Notice that I assumed all these functions are exponential growth.

stock A :
starting price: $25
rate of growth : 8%
stock B :
starting price: $22
rate of growth : -2%
Stock C:
starting price : $30
rate of growth 4%

Can you solve it now with this information.