### Home > INT3 > Chapter 5 > Lesson 5.1.1 > Problem5-14

5-14.

If the cost of a movie ticket now averages $\11.50$, interpret the meaning of the expression $11.50(1.083)^t$. Homework Help ✎

$11.50$ is the cost of the ticket now. The multiplier is $1.083$. Does this represent growth or decay? By what percent?