Question

A certain addition of Air Jordan's shoes originally cost $125 per pair. Its price increases by 4.5% each year. Which is the best model that represents the new cost for the shoes?

Answer 1

The cost of the Air Jordan shoes is best represented by the exponential growth formula: Price = $125(1 + 0.045)^t, where t is the number of years.

Step-by-step explanation:

The subject of this question is Math, specifically applied to a real-world situation. In this scenario, a certain addition of Air Jordan's shoes originally cost $125 per pair. Each year, an increase of 4.5% is applied to the original price. Considering this, we can use exponential growth to model the price over time.

The formula for exponential growth can be written as P = P0(1 + r)^t, where P is the final amount, P0 is the initial amount (starting price), r is the rate of growth (in this case 4.5% or 0.045), and t is time (in years).

Therefore, the best mathematical model representing the new cost for the shoes would be: Price = $125(1 + 0.045)^t.

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