Mathematics, 18.02.2021 16:30, grantjaylynn
The price of fuel may increase due to demand and decrease due to overproduction. George is studying the change in the price of two types of fuel, A and B, over time.
The price f(x), in dollars, of fuel A after x months is represented by the function below:
f(x) = 2.27(0.88)x
Part A: Is the price of fuel A increasing or decreasing and by what percentage per month? Justify your answer. (5 points)
Part B: The table below shows the price g(m), in dollars, of fuel B after m months.
m (number of months) 1 2 3 4
g(m) (price in dollars) 3.44 3.30 3.17 3.04
Which type of fuel recorded a greater percentage change in price over the previous month? Justify your answer.
Answers: 2
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