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Sedaia [141]
3 years ago
6

Three years ago the average price of a movie ticket was $8.75 and now it is $11.00. What was the annual multiplier and the perce

nt increase
Mathematics
1 answer:
Andrei [34K]3 years ago
8 0
Given:
Price of tickets:
3 years ago - 8.75 
now - 11

annual multiplier:

b³ = 11/8.75 
b = ∛11/8.75
b = 1.079

The annual multiplier is 1.079.

1.079 * 100% = 107.9%

107.9% - 100% = 7.9%

The percentage increase is 7.9%


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