Question

NEED HELP ASAP!!!!!!!!!!!!

Answer 1

Answer:

p(0) = 800

p(8) = 997

Step-by-step explanation:

p(t) = 800 * (1.028)^t

The current price is when t=0

p(0) = 800 * (1.028)^0

       = 800(1)

       = 800

The price in 8 years

p(8) = 800 * (1.028)^8

       =997.7802522414861936754688

To the nearest dollar

        = 998

Answer 2

Answer:

$p(0)=\ \ 800$

$p(8)=\ \ 998$

Step-by-step explanation:

The function that the mode in the price is a function of exponential growth

$p(t)=800(1.028)^t$

If t represents time in years, then to find the current price we do $t = 0$

Then:

$p(t=0)=800(1.028)^0$

$p(0)=800(1)$

$p(0)=\ \ 800$

To find the price after 8 years substitute t = 8 in the equation

$p(t=8)=800(1.028)^8$

$p(8)=\ \ 998$