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Home > PC3 > Chapter 9 > Lesson 9.1.3 > Problem 9-59


Derek has been raising steers for years. Each year he contributes the money that he makes from the sale of his steer to his college fund. This year he was able to sell his pound steer for /lb. Each year the price per pound has increased by . What should he expect to sell his steer for in his year?

This is exponential growth. If the increase is per year, what is the multiplier?

How many more years is it until Derek's year?