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The value of Bulls Eye stock has decreased 8% each year for the past several years. If in 2010 the stock was worth $50 and that pattern continues, how much will it be worth in 2…

The value of Bulls Eye stock has decreased 8% each year for the past several years. If in 2010 the stock was worth $50 and that pattern continues, how much will it be worth in 2…
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5 votes
The value of Bulls Eye stock has decreased 8% each year for the past several years. If in 2010 the stock was worth $50 and that pattern continues, how much will it be worth in 2015?

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User Jegschemesch
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8.0k points

1 Answer

8 votes
value in 2015 = 50(0.92)^5
answered
User Tadeo
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8.2k points
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