If the rate of inflation is 2.8% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following

Question

3 years ago

14

If the rate of inflation is 2.8% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following

exponential function, where is the number of years from today.
p(t)=1500(1.028)t
Find the current price of the item and the price 10 years from today. Round your answers to the nearest dollar as necessary.

Mathematics

1 answer:

Ksivusya [100] · Answer 1 · 2022-08-01T01:41:26+03:00

Ksivusya [100]3 years ago

3 0

$1977 i rounded it like it said