Lance bought a used car for $5500. He sold it two years later for $2475. What is the percent change of the price?
1 answer:
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Answer:
Option A - The number of visitors is multiplied by (1+r) each year
Step-by-step explanation:
Given : The number of visitors to an art museum increases each year. The function represents the number of visitors to the museum at year t, where N is the number of visitors in year 0 and r is the rate of increase.
To find : Select the correct statement?
Solution :
We have given an exponential function,
The function represents the number of visitors to the museum at year t, where N is the number of visitors in year 0 and r is the rate of increase.
As In year 0,
The initial visitors is
In year 1,
In year 2,
So, According to this the number of visors is multiplied by (1+r) each year.
Therefore, Option A is correct.