Answered: Platinum was sold at $2025 per ounce…

Platinum was sold at $2025 per ounce last year. This year it sells for $2925 per ounce. What is the relative change in the price of the gold in one year?

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter8: Introduction To Functions

Section8.10: Inverse Variation

Problem 6ST

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Question

Platinum was sold at $2025 per ounce last year. This year it sells for $2925 per ounce.

What is the relative change in the price of the gold in one year?

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