Answer:
Hence, the rate of change of the price of apples is:
$ 0.20 per year.
Step-by-step explanation:
Let P denote the price of apples.
It is given that the initial price of apples is: $ 0.30 per lb.
i.e. P(0)=$ 0.30 per lb.
Also, the price of the apples after three years is: $ 0.90 per lb.
i.e. P(3)=$ 0.90 per lb.
Hence, the rate of the change of the price of apples is calculated by:
@@MATH_TOKEN_0@@
Now on putting the value in the formula we obtain:
@@MATH_TOKEN_1@@
The rate of change is:
$ 0.20 per year.
