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Name: Answer each question in the space provided. Partial credit will be given, so show as much work as possible. Round off to four digits after the decimal. 1. Each year, the price of eggs sold in grocery stores increases by about 4%. (a) If a store is selling a package of 3-dozen eggs for $25 this year, estimate how much (to the nearest cent) will it cost next year? Given: Starting amount: growth rate: Compute: 182 (b) What will the price for this package of eggs be 2 years from now? Given: New starting amount: growth rate: Compute: (c) Is this an example of linear or exponential growth? Explain your answer. The situation described is linear / exponential (circle one) growth. The quantity by the same absolute / relative \\ (circle one) amount in each unit of time. 2. The gas station on Main Street sells gas for $4.25 per gallon. Because of inflation, the owner expects the price per gallon to increase by $0.40 each year. (a) Estimate how many years it will take for the price of gas to increase to $7.00 per gallon? Round off to the nearest whole number. Hint: Set up an equation: Final amount = Initial amount + growth(n) $1: Write the equation: $2: Solve for n: Answer: After roughly - years, the price will increase to $7.00 per gallon. (b) , this an example of linear or exponential growth? Explain your answer. The situation described is linear / exponential (circle one) growth. The quantity