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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) = 10250(0.63)x Part A: Is the price of product A increasing or decreasing and by what percentage per year? Justify your answer. 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) 4300 1849 795.07 341.88
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Which product recorded a greater percentage change in price over the previous year? Justify your answer.
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