Mathematics, 09.12.2020 04:30, shashi2728

If the rate of inflation is 2.8% per year, the future price p () (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today.
p() = 3000(1.028)
Find the current price of the item and the price 10 years from today.
Round your answers to the nearest dollar as necessary.
Current price:
Price 10 years from today: si

This means it needs the current price as well as the future price (2 answers)

Answers: 3

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If the rate of inflation is 2.8% per year, the future price p () (in dollars) of a certain item can...