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Mathematics, 15.04.2021 02:30 sevaramirabell
The cost of a pound of strawberries at a local market increases at a rate of 2.1% per year due to greater agricultural costs. The following exponential expression gives the cost of a pound of strawberries after t years.
3.50(1.021)^t
Which of the following expressions reveals the monthly rate of increase for the cost of a pound of strawberries?
A) (1.002)^12t
B) (0.998)^t/12
C) (1.002)^t/12
D) (0.998)^12t
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