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sveta [45]
3 years ago
14

In 2010 an item cost $9.00. The price increase by 1.5% each

Mathematics
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer:

Step-by-step explanation:

Let P be price after t year . From the formula of compounding

P = 9 (1.015)^t

Taking log to the base e on both sides

ln P = ln 9 + t ln 1.015

= (2.197 + .0149t )

P = e^{(2.197+.0149t)}

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