In December 2020 a pound of lemons cost $1.896, while a pound of bananas cost $0.572. Three years earlier the price of lemons was $1.989 a pound and that of bananas was $0.558.
a. What was the annual compound rate of growth in the price of lemons?
b. What was the annual compound rate of growth in the price of bananas?
c. If the same rates of growth persist in the future, what will be the price of lemons in 2030?
d. What about the price of bananas?