The current price on a 60-inch flat panel LCD HD television is $2,300.Big screen HD television prices have dropped at an average rate of 9% per year in recent years.If you expect this trend to continue,how much will this style of television cost in three years?
A)$2,979
B)$2,300
C)$1,958
D)$1,733

Question

Quizplus · Accepted Answer

The price decreases by 9% per year, so after three years, the price will be $2,300 * (0.91)^3 = $1,733.

The Current Price on a 60-Inch Flat Panel LCD HD