The price of one share of Acme Company declined $3.50 per day for 4 days in a row. What is the overall change in price of one share?

Verified Answer :

Since it's a decline, the amount will be negative.
3.5 per day for 4 days so multiply 3.5 by 4, which equals: $14
so the overall change is -$
14.00

Answer:

The overall change in price of one share is: -$14.00

Step-by-step explanation:

The Acme Company share has declined its price in a rate of $3.50 per day

Therefore the change rate is: \(- \frac{\mathdollar 3.50}{day}\)

In order to find the overall change in prince in 4 days in a row, we must have to multiply the change rate by 4 days

\(( - \frac{\mathdollar 3.50}{day})(4 \ days)= - \mathdollar 14.00\)

Therefore, the overall change in price is: -$14.00