Cedric buys a cantaloupe every week. The first time he bought a cantaloupe, it cost $2.40. He notices the price is getting less expensive, at a rate of 8% per week.
Cedric sketches a graph of the situation, labeling the y-intercept and the point representing the price on Week 4.
Which statements are true?
Select each correct answer.
The graph decreases from left to right.
The graph has an x-intercept and a y-intercept.
The graph increases from left to right.
The point (4, 1.72) is on the graph.
The point (4, 3.27) is on the graph.
The graph has a y-intercept only.