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Thread: Was stumped on a Mid-term. Any Help?

  1. #1
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    Was stumped on a Mid-term. Any Help?

    Hello,

    the problem that had me was similiar to the following:

    A stock starts out at 50.23$ and increases 0.68$ every hour for 8 hours.
    How much would 200 of that stock be valued after 8 hours

    Anyone?
    Please and Thank you
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  2. #2
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    Re: Was stumped on a Mid-term. Any Help?

    $200\cdot(50.23+0.68\cdot 8) = ?$
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  3. #3
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    Re: Was stumped on a Mid-term. Any Help?

    Quote Originally Posted by SlipEternal View Post
    $200\cdot(50.23+0.68\cdot 8) = ?$
    How much is one stock valued after the 8 hours?
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  4. #4
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    Re: Was stumped on a Mid-term. Any Help?

    Quote Originally Posted by Marques0311 View Post
    How much is one stock valued after the 8 hours?
    $1\cdot (50.23+0.68\cdot 8)$
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  5. #5
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    Re: Was stumped on a Mid-term. Any Help?

    Quote Originally Posted by SlipEternal View Post
    $1\cdot (50.23+0.68\cdot 8)$
    Ok see that would not be correct.
    That is simply adding the value of the of the total increases to the original value.
    But what was confusing me is that every hour that follows is added to a new value.

    For example
    1st hour = 50.23$
    2nd hour= 50.23 + 0.68= 50.91
    3rd hour = 50.91 + 0.68 = 51.59
    4th hour 51.59 + 0.68 = etc. etc. etc.
    See what im saying?
    so what would be a correct formula for this. Never mind the 200 at the end
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  6. #6
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    Re: Was stumped on a Mid-term. Any Help?

    At the end of hour 1, the price is $50.23+0.68$
    At the end of hour 2, the price is $(50.23+0.68)+0.68 = 50.23+2\cdot 0.68$
    At the end of hour 3, the price is $(50.23+2\cdot 0.68) + 0.68 = 50.23+3\cdot 0.68$
    .
    .
    .
    The price per share after hour 8 is: $(50.23+7\cdot 0.68)+0.68=50.23+8\cdot 0.68$

    I'm pretty sure I'm right.
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  7. #7
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    Re: Was stumped on a Mid-term. Any Help?

    You know what. I think i am misinterpreting this problem.
    I am thinking that the stock adds on itself.
    which is incorrect.
    Well now i just feel foolish to not have seen how simple it was
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  8. #8
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    Re: Was stumped on a Mid-term. Any Help?

    Thank you.
    In true fashion I was over thinking the problem
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  9. #9
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    Re: Was stumped on a Mid-term. Any Help?

    Quote Originally Posted by Marques0311 View Post
    Well now i just feel foolish to not have seen how simple it was
    Worry not: you'll never make THAT goof again!!
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  10. #10
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    Re: Was stumped on a Mid-term. Any Help?

    Just some other goof!
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  11. #11
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    Re: Was stumped on a Mid-term. Any Help?

    Quote Originally Posted by HallsofIvy View Post
    Just some other goof!
    Now, now. Don't go calling DenisB a goof. We all know he's far worse than that.

    -Dan
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  12. #12
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    Re: Was stumped on a Mid-term. Any Help?

    Quote Originally Posted by topsquark View Post
    Now, now. Don't go calling DenisB a goof. We all know he's far worse than that.
    -Dan
    Dan, compliments will get you everywhere!!
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