2. Over a 3 month period the price of a new album steadily increased from
$10 to $18 due to demand. What was the monthly multiplier? Round to the

Step-by-step explanation:

Given

Price of album grows to from

So, net increase in price

for a period of 3 months

So, each month Price multiplies by

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

huh? im pretty sure it is in 199

step-by-step explanation: