A person buys shares of a company every year for 5 years in a row. During this period the price of the shares has fluctuated quite a bit: the first year each share was worth €7, the second year €10, the third year €15, the fourth year the company had large financial losses and the price dropped to €6. per share and, finally, in the fifth year the company made a strong investment that caused the price to increase to €11. What has been the average purchase price of the shares?

A person buys shares of a company every year for 5 years in a row. During this period the price of the shares has fluctuated quite a bit: the first year each share was worth €7, the second year €10, the third year €15, the fourth year the company had large financial losses and the price dropped to €6. per share and, finally, in the fifth year the company made a strong investment that caused the price to increase to €11. What has been the average purchase price of the shares?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section9.4: Series And Their Notations

Problem 60SE: A scientist places 50 cells in a petri dish. Every hour, the population increases by 1.5%. What will...

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