Math

2.The price of products may increase due to inflation and decrease due to depreciation. Derek is studying the change in the price of two products, A and B, over time.

The price f(x), in dollars, of product A after x years is represented by the function below:

f(x) = 72(1.25)x

Part A: Is the price of product A increasing or decreasing and by what percentage per year? Justify your answer. (5 points)

Part B: The table below shows the price f(t), in dollars, of product B after t years:

t (number of years)
1 2 3 4

f(t) (price in dollars)
65 84.5 109.85 142.81

Which product recorded a greater percentage change in price over the previous year? Justify your answer.

  1. 👍 1
  2. 👎 0
  3. 👁 1,175
  1. You know that this function is DECREASING because 0.63, the number inside of the parenthesis, is LESS THAN THE NUMBER 1. I [think I] know the way to determine by what percentage it is decreasing. [I think] My teacher taught me that I have to subtract the number, in this case 0.63, from 1. So, 1 - 0.63 = 0.37. So it is decreasing by 0.37.

    B: Year 1-2 they are all changing by the same percentage: 43% less. And you can prove it by dividing year 2 to year 1 and dividing year 3 to year 2.

    1. 👍 0
    2. 👎 6

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