A manufacturer wants to enlarge an existing manufacturing facilities such that the total floor area is 1.5 times that of the cur
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Answer:
The current price is $3000 and price after 9 years from today is $4054.
Step-by-step explanation:
The future price pt(in dollars) of a certain item can be modeled by the following exponential function
where, t is the number of years from today.
Substitute t=0 to find the current price.
Therefore the current price is $3000.
Substitute t=9 to find the price after 9 years from today.
Therefore the price after 9 years from today is $4054.