Question

Carlie's stock rose by 1 points in trading today. Let Y represent yesterday's stock price at closing and T represent today's stock price at closing

i) What is a formula that correctly relates Y and T?

ii) If yesterday's closing price was 32 what was today's closing price?

Answer 1

Answer:

i. T = Y + 1  

ii. today's closing price 33

Step-by-step explanation:

Given that: Carlie's stock rose by 1 points in trading today.

Let Y represent yesterday's stock price at closing

Let T represent today's stock price at closing

=> formula that correctly relates Y and T is:

T = Y + 1

ii) If yesterday's closing price was 32 what was today's closing price?

today's closing price = yesterday's closing price + 1

<=> T = Y + 1  

<=> T =  32 + 1 = 33