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Strike441 [17]
3 years ago
12

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

Mathematics
2 answers:
Mice21 [21]3 years ago
8 0

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

Rudiy273 years ago
5 0

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

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