Mathematics, 06.05.2021 21:20, yaz1206

If the rate of inflation is 2.5% per year, the future price(t) (In dollars) of a certain item can be modeled by the following exponential function, where is the number of years from today,
p(t)=800(1,025)
Find the current price of the item and the price 8 years from today.
Round your answers to the nearest dollar as necessary.

If the rate of inflation is 2.5% per year, the future price(t) (In dollars) of a certain item can b

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If the rate of inflation is 2.5% per year, the future price(t) (In dollars) of a certain item can be...