In the year 1998, movie tickets will be greater than $5.50 as determined by solving the equation y=4.25[(1.035)^x].
What is an equation?
- Math can be used to analyze an equation or a set of equations.
- An equation is a sentence that maintains the equivalence of two expressions. Most of the time, it is easy to solve the arithmetic equations given in an exact manner.
- While perfect solutions can occasionally be found, it is more typical to find approaches that are just as accurate. It speaks to the particular guidelines for quadratic mathematical equations.
A movie ticket cost $4.25 in 1990.
The inflation rate is about 3.5%
Rate increased ,r=100%+3.5%=103.5%=1.035
equation generated is,
y=4.25[(1.035)^x]
Solving the equation for each year, we get the following data:
Tabulating the data
Year cost
1990 4.25
1991 ....
.... ....
1998 5.5964~ 5.6
In the year 1998, the will be greater than $5.50.
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