Three years ago the average price of a movie ticket was $8.75 and now it is $11.00. What was the annual multiplier and the perce
nt increase
1 answer:
Given:
Price of tickets:
3 years ago - 8.75
now - 11
annual multiplier:
b³ = 11/8.75
b = ∛11/8.75
b = 1.079
The annual multiplier is 1.079.
1.079 * 100% = 107.9%
107.9% - 100% = 7.9%
The percentage increase is 7.9%
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