If the rate of inflation is
4.1%
per year, the future price
pt
(in dollars...
Mathematics, 03.10.2019 03:30, jkjjoijjm5928
If the rate of inflation is
4.1%
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.
=pt4001.041t
find the current price of the item and the price
8
years from today.
round your answers to the nearest dollar as necessary.
Answers: 1
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