Question

Alisa buys a watermelon every year. The first time she bought a watermelon, it cost $2.50. She notices the price is getting more expensive, at a rate of 3% per year.
Alisa sketches a graph of the situation, labeling the y-intercept and the point representing the price in Year 4.

Which statements are true?

Select each correct answer.

A. The graph has an x-intercept and a y-intercept.
B. The point (4, 2.81) is on the graph.
C. The graph has a y-intercept only.
D. The graph decreases from left to right.
E. The graph increases from left to right.
F. The point ​ (4, 2.62) is on the graph.

Answer 1

So the cost of water melon at year 0 is $ 2.50 since it will increase by 3% per yer

0              2.5

1              2.575

2              2.65225

3              2.7318175

4              2.813772025

So the correct statement is B. The point (4, 2.81) is on the graph.