The new iPhone 3.14 is being sold at the UT Math Department.  The original price is $1200 (day 0), but they are going to decrease the price of the phone by x percent each day. You decided to wait until the price dropped to $50.14 on the 16th day to purchase yours.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.38TI: US Census data shows that the median price of new home in the U.S. in November 2014 was $280,900....
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The new iPhone 3.14 is being sold at the UT Math Department.  The original price is $1200 (day 0), but they are going to decrease the price of the phone by x percent each day. You decided to wait until the price dropped to $50.14 on the 16th day to purchase yours.

 

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