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30 January, 01:57

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 percent increase

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  1. 30 January, 02:10
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    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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