Part 1 of 3

Find how many times as much the cost of each share of stock in these companies was in 2010.

\begin{tabular}{|l|c|c|}
\hline
Company & 1960 Cost & 2010 Cost \\
\hline
Company A & \[tex]$0.45 & \$[/tex]6.75 \\
\hline
Company B & \[tex]$0.25 & \$[/tex]3.70 \\
\hline
Company C & \[tex]$0.45 & \$[/tex]3.78 \\
\hline
\end{tabular}

The cost of each share of stock in Company A was [tex]$\square$[/tex] times as much in 2010.
(Type an integer or a decimal.)



Answer :

To find out how many times as much the cost of each share of stock in Company A was in 2010 compared to 1960, we will use the formula:
[tex]\[ \text{Ratio} = \frac{\text{2010 Cost}}{\text{1960 Cost}} \][/tex]

For Company A:
- The cost in 1960 was [tex]$0.45. - The cost in 2010 was $[/tex]6.75.

Substituting these values into the formula, we get:
[tex]\[ \text{Ratio for Company A} = \frac{6.75}{0.45} \][/tex]

By performing the division:
[tex]\[ \text{Ratio for Company A} = 15.0 \][/tex]

Therefore, the cost of each share of stock in Company A was [tex]\( \boxed{15.0} \)[/tex] times as much in 2010.