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
I believe the answer is 39% Have a lovely night!