Mathematics, 18.01.2021 14:00 50057543
If the rate of inflation is 3.4% per year, the future price pt (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today.
pt = 2500(1.022t)
Find the current price of the item and the price 10 years from today.
Answers: 2
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