The Value (In Cents)of Shares, X Years After Their Flotation

question 6

Multiple Choice

The value (in cents) of shares, x years after their flotation on the stock market, is modelled by V = 6e0.8t
Find the increase in the value of these shares, to the nearest cent, 4 years and 2 months later.

• A)167
• B)168
• C)162
• D)172
• E)173

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Definitions:

Amendment

An Amendment is a formal change or addition proposed or made to a legal document, particularly constitutions, statutes, and contracts, to improve, clarify, or update its content.

Washington

The capital city of the United States, named after George Washington, and serving as the seat of the federal government.

Office

A room or set of rooms used for work, especially clerical or professional work, often within a larger organization or business structure.

Macon's Bill No. 2

A law enacted by the United States Congress in 1810, aiming to motivate Great Britain and France to stop their restrictions against U.S. shipping during the Napoleonic Wars by offering to resume trade with whichever nation lifted its restrictions first.