BUSI 530- In April 2013 a pound of apples cost $1.53
Question # 00433410
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Updated on: 11/30/2016 08:20 AM Due on: 11/30/2016
In April 2013 a pound of apples cost $1.53, while oranges cost $1.17. Four years earlier the price of apples was only $1.32 a pound and that of oranges was $1.03 a pound. what was the annual compound rate of growth of apple? what was the annual compound growth rate of orange? if the same rate of growth persist in the future, what will be the rate of apple in 2030? if the same rate of growth persist in the future, what will be the price of orange in 2030?
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Solution: BUSI 530- In April 2013 a pound of apples cost $1.53