Question

The equation y=0.16x+3.84 can be used to predict the price of olive oil per quart,where x is the number of years since 2,019. According to the model, what will be theprice of olive oil per quart in 2,024? Round answer to hundredths place. If theanswer doesn't have a hundredths place then include a zero so that the answer doeshave an hundredths place.

Answer 1

`\begin{gathered} y=0.16x+3.84 \\ \end{gathered}`

For the year 2024:

`\begin{gathered} x=2024-2019 \\ x=5 \\ y(5)=0.16(5)+3.84 \\ y(5)=0.8+3.84 \\ y(5)=4.64 \end{gathered}`

Answer:

4.64