The average price of a movie ticket in 1990 was $4.25. Since then the price has increased by approximately 3.6% each year. Write an exponential function to find the price of a ticket in 2022.

The function is

A(2022)=$13.45

Step-by-step explanation:

-Let A denote the ticket price.

The general equation for an exponential function is given as:

Where:

Given the rate of growth is 3.6% per year and the initial ticket price was $4.25:

#First find the time interval:

we substitute our parameter values to estimate the ticket price in 2022:

Hence, the ticket price in 2020 is $13.45

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