Two competing businesses make the same item and sell it initially for $100. One increases the price

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Two competing businesses make the same item and sell it initially for $100. One increases the price by $8 each year for 5 years, and the other increases the price by 8% each year for 5 years. What is the difference in price after 5 years?

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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Question Posted: Apr 04, 2023 03:16 AM

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Two competing businesses make the same item and sell it initially for $100. One increases the price

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Lets first calculate the price increase for each business over five years Business A ...View the full answer

Basic Technical Mathematics

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