Suppose the retail price of an automobile was $27,000 in 1990 and that it increased at 6% per year.
a. Write the equation of the exponential function, in the form P=P, (1 + r)', that models the retail price of the automobile t years after 1990.
b. Use the model to predict the retail price of the automobile in 2000
a. Choose the function that models the retail price of the automobile t years after 1990,
OAP=27,000(106)
OB P = 27,000(0.94)
OC. P = 27,000(7)
Click to select your answer and then click Check Answer
1
part
remaining
Clear All
O