Math Problem Statement

The price of Stock A at 9 A.M. was ​$15.13. Since​ then, the price has been increasing at the rate of ​$0.09 each hour. At noon the price of Stock B was ​$15.63. It begins to decrease at the rate of ​$0.13 each hour. If the two rates​ continue, in how many hours will the prices of the two stocks be the​ same?

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Rates of Change
Algebra

Formulas

P_A(t) = 15.13 + 0.09t
P_B(t) = 16.02 - 0.13t

Theorems

Equality of Linear Functions

Suitable Grade Level

Grades 8-10