![sav99](/avatars/22903.jpg)
sav99
06.05.2020 •
Mathematics
Can anyone help me? I will mark you as brainliest!
Solved
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Ответ:
Let the price initially is $100
And it is increasing per month at a rate of 2.5% , or we can say 0.025
Now applying the formula![A= P(1+r)^n](/tpl/images/0089/5065/7cbcc.png)
where A is amount( final value) , P is initial value , r is rate , and n is the number of months.
Now we have to calculate for 1 year it means , n=12
So plugging all the values we get
By plugging in calculator we get
A=134.4889
It means Increase in price in 1 year = 134.4889 - 100 = 34.4889
So In percent = 34.4889%
In a year it increases at 34.4889%