The price f(x), in dollars, of product a after x years is represented by the function below:
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Mathematics, 25.12.2019 05:31 paolacorazza
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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