Question

Medal for best answer!!!


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) = 0.69(1.03)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:

Answer 1

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) 10,100 10,201 10,303.01 10,406.04
Which product recorded a greater percentage change in price over the previous year? Justify your answer

Answer 2

The price of product a is increasing by 3% and product a is recorded to have a greater percentage change because the percentage of product b is 1% so a larger

Answer 3

U mean 3% From the first equation?

Answer 4

Yes

Answer 5

can u show me how you know its 3%?

Answer 6

1.03-1=0.03=3%

Answer 7

Trust me I did this a couple days ago

Answer 8

Okay so the product A has a greater percentage change than the 2nd product?

Answer 9

Yes because the percentage change for product two is 1%

Answer 10

Can u help me with one more?

Answer 11

Yea but plz make it quick u in flvs too?

Answer 12

Part A: What type of function, linear or exponential, can be used to describe the value of the investment after a fixed number of years using option 1 and option 2? Explain your answer. (2 points)

Part B: Write one function for each option to describe the value of the investment f(n), in dollars, after n years. (4 points)

Part C: Belinda wants to invest in an option that would help to increase her investment value by the greatest amount in 20 years. Will there be any significant difference in the value of Belinda's investment after 20 years if she uses option 2 over option 1? Explain your answer, and show the investment value after 20 years for each option.

Answer 13

Belinda wants to invest $1000. The table below shows the value of her investment under two different options for three different years:

Number of years 1 2 3
Option 1 (amount in dollars) 1300 1690 2197
Option 2 (amount in dollars) 1300 1600 1900

Answer 14

I will give you part a and b not part x because I didn't do too well on that one ok

Answer 15

Okay

Answer 16

C-*

Answer 17

Oh wait I had dif number than you but Lemmie work it out

Answer 18

Ok

Answer 19

Option two is linear option one is exponential

Answer 20

It says to explain

Answer 21

Option two because it is increasing by the same amount each time

Answer 22

option 1?

Answer 23

Because it will curve

Answer 24

what do u mean can i just say that it isn't increasing or something?

Answer 25

No because it is not increasing by the same amount each time

Answer 26

Like not increasing the same way

Answer 27

Yea

Answer 28

Okay and part B?

Answer 29

I gotta go so sorry hope I helped

Answer 30

Thanks

Answer 31

No problem hope I helped