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  3. n december 2020, a pound of lemons cost $1.45, whi

n December 2020, a pound of lemons cost $1.45, while a pound of bananas cost...

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Finance

n December 2020, a pound of lemons cost $1.45, while a pound of bananas cost $1.09. Three years earlier, the price of lemons was $1.24 a pound and that of bananas was $0.95.

What was the annual compound rate of growth in the price of lemons?

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.

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.

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.

What about the price of bananas?

a. Compound annual growth rate of lemons %
b. Compound annual growth rate of bananas %
c. Price of lemons
d. Price of bananas

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