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Please answer a and b fast
15 marks

Please answer a and b fast 15 marks-example-1

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Answer:

a) $670

b) $6600

Explanation:

a) The decrease by 9.4% means that the price of 1 kg of silver is 90.6% of the original price

0.906P = 607, P is the price of 1 kg of silver on 1st January 2015

P = 607/0.906 = 669.9779249 ≈ $670

b) The decrease of the price was $1320, which is 20%.

0.80P = P - 1320, P is the price of 1 tonne of copper on 1st January 2010

-0.20P = 1320

P = 1320/(-0.20) = $6600

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