The average price of a two-bedroom apartment in the uptown area of a prominent American city during the real estate boom from 19
94 to 2004 can be approximated by p(t) = 0.15e0.10t million dollars (0 ≤ t ≤ 10) where t is time in years (t = 0 represents 1994). What was the average price of a two-bedroom apartment in this uptown area in 2002, and how fast was it increasing? (Round your answers to two significant digits.) HINT [See Quick Example 3.]
