Question

PLLLLLLSSSSSS Help Will Mark Brainlest but must explain what you did in 20 minutes

Answer 1

Answer:

A) The price of product A is increasing by 3% per year.

(B) The product A recorded a greater percentage change in price over the previous year.

Step-by-step explanation:

(A)

The function representing the price, in dollars, of product A after x years is:

FA(x)=0.69*(1.03)x

The function  FA(x)can be written as:

FA(x)=0.69*1+(0.03)x

The function FA(x) is similar to the exponential growth function, y=a(1+r)x .

Here r is the growth rate.

Thus, it can be said that the price of product A is increasing by 3% per year.

(B)

Consider the data of product B for the year 3 and 4.

The price of product B for year 3 and 4 are 10,303.01 and 10,406.04.

Compute the percent price change from year 3 to 4 as follows:

10406.04-10303.01/10303.01*100

which is 0.999%

~1%

The price of product B is increasing by 1% per year.

Thus, the product A recorded a greater percentage change in price over the previous year.