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3 years ago

10

Today, the price of a new cell phone is $129. In 2000, the price of a similar cell phone was $240. What os the percent of change

in the price of a cell phone from 2000 to today?

1 answer:

9966 [12]3 years ago

8 0

Answer:

Step-by-step explanation:

so first you look it up and if that dont work then u guess

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3 years ago

The price of products may increase due to inflation and decrease due to depreciation. Marco is studying the change in the price

likoan [24]

Answer:

A) 3%

B) Product A

Step-by-step explanation:

<u>Exponential Function</u>

General form of an exponential function: $y=ab^x$

where:

a is the initial value (y-intercept)
b is the base (growth/decay factor) in decimal form
x is the independent variable
y is the dependent variable

If b > 1 then it is an increasing function

If 0 < b < 1 then it is a decreasing function

<u>Part A</u>

<u>Product A</u>

Assuming the function for Product A is <u>exponential</u>:

$f(x) = 0.69(1.03)^x$

The base (b) is 1.03. As b > 1 then it is an <u>increasing function</u>.

To calculate the percentage increase/decrease, subtract 1 from the base:

⇒ 1.03 - 1 = 0.03 = 3%

Therefore, <u>product A is increasing by 3% each year.</u>

<u>Part B</u>

$\sf percentage\:change=\dfrac{final\:value-initial\:value}{initial\:value} \times 100$

To calculate the percentage change in Product B, use the percentage change formula with two consecutive values of f(t) from the given table:

$\implies \sf percentage\:change=\dfrac{10201-10100}{10100}\times 100=1\%$

Check using different two consecutive values of f(t):

$\implies \sf percentage\:change=\dfrac{10303.01-10201}{10201}\times 100=1\%$

Therefore, as 3% > 1%, <u>Product A recorded a greater percentage change</u> in price over the previous year.

Although the question has not asked, we can use the given information to easily create an exponential function for Product B.

Given:

a = 10,100
b = 1.01
n = t - 1 (as the initial value is for t = 1 not t = 0)

$\implies f(t) = 10100(1.01)^{t-1}$

To check this, substitute the values of t for 1 through 4 into the found function:

$\implies f(1) = 10100(1.01)^{1-1}=10100$

$\implies f(2) = 10100(1.01)^{2-1}=10201$

$\implies f(3) = 10100(1.01)^{3-1}=10303.01$

$\implies f(4) = 10100(1.01)^{4-1}=10406.04$

As these values match the values in the given table, this confirms that the found function for Product B is correct and that <u>Product B increases by 1% per year.</u>

4 0

2 years ago