5) A certain stock opens with a price of $0.59. Over the first three days the stock value increases at an average rate of 50% per day. If this trend continues, how much will the stock be worth in 12 days?

In 12 days the stock will be worth $ 76.55.

Step-by-step explanation:

Given that a certain stock opens with a price of $ 0.59, and over the first three days the stock value increases at an average rate of 50% per day, to determine, if this trend continues, how much will the stock be worth in 12 days the following calculation must be performed:

Initial value x rate of increase ^ number of years = X

0.59 x 1.5 ^ 12 = X

0.59 x 129.74 = X

76.55 = X

Therefore, in 12 days the stock will be worth $ 76.55.

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.