Function C gives the cost, in dollars, of buying n apples. What does each expression or equation represent in this situation?
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Answer:
C. When it was purchased (year 0), the coin was worth $6.
Step-by-step explanation:
The y-intercept is 6, indicating the value of the rare coin was 6 in year zero.
You can work out the percentage change and that would help you work out the rate of appreciation :)
The formula is ((new value - old value)/old value) * 100.
So you do
Therefore the rate of appreciation is 8% p/a.