Mathematics, 04.02.2021 07:20, caitlinsanders

If the rate of inflation is 2.5% per year, the future price p(s) (in dollars) of a certain item can be modeled by the following exponential function, where is the number of years from today.
P(1) - 800(1.025)
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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If the rate of inflation is 2.5% per year, the future price p(s) (in dollars) of a certain item can...