Mathematics, 04.08.2020 14:01 SAMANTHA8997
The price of products may increase due to inflation and decrease due to depreciation. Marco 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. (5 points)
Part B: The table below shows the price f(t), in dollars, of product B after t years:
t (number of years)1234
f(t) (price in dollars)10,10010,20110,303.0110,406 .04
Which product recorded a greater percentage change in price over the previous year? Justify your answer. (5 points)
Answers: 1
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