Answer:
$92.55
Explanation:
Given: The price of a particular stock is represented by the linear equation
y = -0.91x + 103.47
where x represents the number of weeks the stock has been owned and y represents the price of the stock, in dollars.
We have to find the price of price of the stock after it has been owned for 12 weeks.
Since , x represents the number of weeks the stock has been owned.
Thus, by substitute, x = 12
We get the value of y , the price of stocks.
Thus, y(x) = -0.91x + 103.47
⇒ y(12) = -0.91(12) + 103.47
⇒ y(12) = -10.92 + 103.47
Solving , we get,
⇒ y(12) = 92.55
Thus, the price of price of the stock after it has been owned for 12 weeks is $92.55.