need assistance with a,b,c,d In December 2020 , a pound of lemons cost $1.42,...
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need assistance with a,b,c,d
In December 2020 , a pound of lemons cost $1.42, while a pound of bananas cost $1.06. Three years earlier, the price of lemons was $1.21 a pound and that of bananas was $0.92. a. What was the annual compound rate of growth in the price of lemons? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places. Negative answers should be indicated with a minus sign. b. What was the annual compound rate of growth in the price of bananas? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places. c. If the same rates of growth persist in the future, what will be the price of lemons in 2030 ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. What about the price of bananas? Note: Do not round intermediate calculations. Round your answer to 2 decimal places
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