Cedric buys a cantaloupe every week. The first time he bought a cantaloupe, it cost $2.40. He notices the price is getting less expensive, at a rate of 8% per week.
Cedric sketches a graph of the situation.
Which statements are true?
Select each correct answer.
The graph has an x-intercept and a y-intercept.
The graph increases from left to right.
The graph has a y-intercept only.
The graph decreases from left to right.
The point
(2.40, 0)
is on the graph.
The point
(0, 2.40)
is on the graph.