Question

The cost of beef decreases weekly at a rate of 10.2%. If beef cost $15.75 per pound today. How much will it cost in 2 years? ( round to the nearest cent (2 decimal places) )

Answer 1

$ 383 854.28 per pound ====> See below !!

Explanation:

Increases 10.2 % per WEEK (?? Per WEEK?))

2 years is 104 weeks (this is going to be a HUGE number)

15.75 (1+.102)^104 =

If increase is YEARLY

15.75 ( 1 + .102)^2 = $ 19.13 per pound <<<<after two years