The price of stock on any day.
Explanation of Solution
Given:
The price of stock on Monday was $79.
It fell $3 each day for 11 consecutive days.
Calculation:
Since the price of stock on Monday was $79. If it fell $3 each day for 11 consecutive days then,
The price of stock on Tuesday will be ($79-$3), on Wednesday will be ($79-2 x $3), on Thursday will be ($79-3 x $3) and similarly for others day.
So, the general term expression can be given as,
Here, d represents the days from Monday.
Therefore, the option is (B).
Chapter 5 Solutions
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