The price of a liter of milk increased 10% compared with last year . If the new price is $1.21 per liter , what was last years p
1 answer:
You might be interested in
Answer:
Exponential decay function; -0.94%
Step-by-step explanation:
We are given an exponential function and we are supposed to find whether the given function increases or decreases and also the percentage of increase or decrease.
Th given function is f(x) = 2060
Here x denotes the number of years.
At the start the value was 2060. In the next year it was multiplied by 0.9906.
This means that the value becomes 0.9906 times after each year.
Hence the value decreases by 0.0094 times its original value.
Converting to percentage it becomes 0.94% decrease after each year.