Concept explainers
a.
To calculate: An equation in slope intercept form to find the cost C of a dictionary y years after 1904.
a.
Answer to Problem 24PPS
The cost C of a dictionary y years after 1904 will be
Explanation of Solution
Given:
In 1904, a dictionary cost 30¢. Since then the cost of a dictionary has risen an average of 6¢ per year.
Calculation:
The cost of a dictionary in 1904
Increase in cost in 1 year after 1904
Then, increase in cost iny years after 1904
Then, y years after 1904 the total cost of a dictionary
Here, C represents the cost of a dictionary.
Then,
Conclusion:
The cost C of a dictionary y years after 1904 will be
b.
To calculate:The cost of a dictionary in 2025.
b.
Answer to Problem 24PPS
The cost of a dictionary in 2025 will be 756¢.
Explanation of Solution
Given:
In 1904, a dictionary cost 30¢. Since then the cost of a dictionary has risen an average of 6¢ per year.
Calculation:
Number of years between 2025 and 1904
The cost C of a dictionary y years after 1904 is given by,
Then cost of a dictionary 121 years after 1904
Conclusion:
The cost of a dictionary in 2025 will be 756¢.
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