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

Step-by-step 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

$\Rightarrow \frac{8}{3}\ \ \text{per month}$

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