The price of products may increase due to inflation and decrease due to depreciation. Derek is studying
Fantastic news! We've Found the answer you've been seeking!
Question:
The price of products may increase due to inflation and decrease due to depreciation. Derek is studying the change in the price of two products, A and B, over time.
The price f(x), in dollars, of product A after x years is represented by the function below:
f(x) = 0.69(1.03)x
Part A: Is the price of product A increasing or decreasing and by what percentage per year? Justify your answer.
Part B: The table below shows the price f(t), in dollars, of product B after t years:
t (number of years)1234f(t) (price in dollars)10,10010,20110,303.0110,406.04
What product recorded a greater percentage change in price over the previous year? Justify your answer.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: