Concept explainers
To find:The points which represent the price of coffee over time.
Answer to Problem 47PFA
The points that represent the price of coffee over time are:
A. (1, 1.32)
D. (4, 2.01)
E. (5, 2.31)
Explanation of Solution
Given information:A coffee shop increases the price of their coffee by 15% each year. The initial price of a cup of a coffee is $1.32
In the 1st year the price of coffee
In the 2nd year the price of coffee
In the 3rd year price of coffee
In the 4th year price of coffee
In the 5th year price of coffee
In the 6th year price of coffee
Thus, the points that represent the price of coffee over time are:
A. (1, 1.32)
D. (4, 2.01)
E. (5, 2.31)
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