If the rate of inflation is 2.5% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following

Question

2 years ago

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If the rate of inflation is 2.5% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following

exponential function, where t is the number of years from today,
P(1) -2000(1.025)^t
Find the current price of the item and the price 9 years from today, Round your answers to the nearest dollar as necessary

Mathematics

1 answer:

Alexandra [31] · Answer 1 · 2022-10-20T03:41:11+03:00

Alexandra [31]2 years ago

3 0

Answer:

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