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Mathematics, 16.11.2020 20:10 missperfectionp89qqq
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. (5 points)
Part B: The table below shows the price f(t), in dollars, of product B after t years:
t (number of years) | 1 | 2 | 3 | 4 |
f(t) (price in dollars) |10,100 | 10,201 | 10,303.01 | 10,406.04 |
Which product recorded a greater percentage change in price over the previous year? Justify your answer. (5 points)
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