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Elena-2011 [213]
2 years ago
11

How can exponential functions be used to predict future prices of commodities such as gasoline?

Mathematics
1 answer:
VikaD [51]2 years ago
7 0

The price of gasoline could increase exponentially as modelled by the function P = Poe^rt.

<h3>What is an exponential function?</h3>

An  exponential function is a function that increases or decreases in an exponential manner.

We could write the function that models the future price of gasoline as P = Poe^rt

Where;

Po = present price of gasoline

P = Price of gasoline at time t

r = rate of increase in the price of gasoline

t = time interval

Learn more about exponential function:brainly.com/question/11487261

#SPJ1

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