Question

The rise of digital music and the improvement to the DVD format are part of the reasons why the average selling price of standalone DVD recorders will drop in the coming years. The function below gives the projected average selling price (in dollars) of standalone DVD recorders in year t, where t = 0 corresponds to the beginning of 2002.†

A(t)=699/(t+1)^0.94

What was the average selling price of standalone DVD recorders at the beginning of 2004? At the beginning of 2005? (Round your answers to the nearest dollar.)

2004 $ ?

2005 $ ?

Answer 1

For 2004 t is 2 and sub it into the equation and 2005 t is 3.

Answer 2

96x3