Question

2. Over a 3 month period the price of a new album steadily increased from

$10 to $18 due to demand. What was the monthly multiplier? Round to the

Answer 1

Answer:
`2.67\ \$\ \text{per month}`

Explanation:

Given

Price of album grows to
`\$ 18` from
`\$ 10`

So, net increase in price
`=18-10=\$ 8`

for a period of 3 months

So, each month Price multiplies by

`\Rightarrow (8)/(3)\ \$\text{per month}`

`\Rightarrow 2.67\ \$\ \text{per month}`