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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

Correct Answer:

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