A student worked out an equation and below is his solution. is the answer correct? If not, where was the error and what is the c
1 answer:
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Answer:
<u>69 years</u> after 2005 which is in <u>2074</u> year the average price of a studio in this city will reach $1081.10.
Step-by-step explanation:
Given:
Average Price to rent a studio is denoted by 'p'.
It is been approximated by equation:
where t ⇒ number of years since 2005
Now given:
Average Price to rent a studio p = $1081.10
Substituting the value of p in above equation we get;
Solving the new equation to find the value of t we get;
Dividing both side by 24.1 we get;
Hence<u> 69 years</u> after 2005 which is in <u>2074</u> year the average price of a studio in this city will reach $1081.10.
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