Q1. An art piece is predicted to increase in value by 50% in the first year and 25% each year from the second year onward. What will be the average rate of change in value of the art piece after 3 years? (answer in 2 decimal places)

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 33A: The average percent defective product of a manufacturing plant is 1.20%. On a particular day 50...
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Q1. An art piece is predicted to increase in value by
50% in the first year and 25% each year from the
second year onward. What will be the average rate
of change in value of the art piece after 3 years?
(answer in 2 decimal places)
Transcribed Image Text:Q1. An art piece is predicted to increase in value by 50% in the first year and 25% each year from the second year onward. What will be the average rate of change in value of the art piece after 3 years? (answer in 2 decimal places)
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