The share value of two companies, company A and company B, has been monitored over a 15-year period.
The share value PA of company A, in millions of pounds, is modelled by the equation
PA=53−0.4(t−8)2,t≥0
where t is the number of years after monitoring began.
The share value PB of company B, in millions of pounds, is modelled by the equation
PB=−1.6t+44.2,t≥0.
Figure 2 shows a graph of both models.
Figure 2
Use the equations of one or both models to answer parts (a) to (d).
(a) Find the difference between the share value of company A and the share value of company B at the point monitoring began.
(2)
(b) State the maximum share value of company A during the 15-year period.
(1)
(c) Find, using algebra and showing your working, the times during this 15-year period when the share value of company A was greater than the share value of company B.
(4)
(d) Explain why the model for company A should not be used to predict its share value when t=20.