If the rate of inflation is
4.1
%
per year, the future price
p
...
Mathematics, 23.04.2020 18:19 milkshakegrande101
If the rate of inflation is
4.1
%
per year, the future price
p
t
(in dollars) of a certain item can be modeled by the following exponential function, where
t
is the number of years from today.
=
p
t
800
1.041
t
Find the current price of the item and the price
9
years from today.
Round your answers to the nearest dollar as necessary.
Answers: 3
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