The value of a certain stock has decreased 5% per day for the past 10 days. The initial price of the stock was $30 per share. Which equation describes the value of the share price of the stock as a function of n, the number of days elapsed during the 10-day period

V(n) = 30(0.95)^n

Step-by-step explanation:

We treat as a continous function :

Rate of decrease = 5%

Period, n = 10 days

Initial stock price = $30

Value of share price as a function of n:

Value, V(n)

Initial price = A

V(n) = Initial price(1 - rate)^n

V(n) = 30(1 - 0.05)^n

V(n) = 30(0.95)^n

the answer is 24

step-by-step explanation:

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