anonymous
  • anonymous
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) = 12500(0.82)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) 5600 3136 1756.16 983.45
Mathematics
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SOLVED
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jamiebookeater
  • jamiebookeater
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Sepeario
  • Sepeario
Let's put it this way. If coefficient (0.82 in this case) of x is greater than 1, then it increases. If it is less than 1, then it decreases.

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