We are given with the equation <span>p(t) = 1.1*e^0.047t where p represents the price, t represents the time in years. price varies exponentially with time. If p is 3 dollars in the future, then
</span><span>3 = 1.1*e^0.047t </span>ln 2.727272 = 0.047 t t = 21. 35 years or year 2001.
