Question

In 2016 the average NBA ticket for the finals was $1444. In 2017, the price increased by 20%. If this trend continues, what will be the price in 2020? Round to the nearest dollar

Answer 1

Explanation:

To find the price of the NBA ticket in 2017, we need to add 20% to the 2016 price:

Price in 2017 = $1444 + 0.20 x $1444 = $1732.80

To find the price of the NBA ticket in 2020, we need to increase the 2017 price by 20%:

Price in 2020 = $1732.80 + 0.20 x $1732.80 = $2079.36

Rounding this to the nearest dollar, we get:

Price in 2020 = $2079