Mathematics, 27.10.2020 06:30 maddieberridgeowud2s
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 t is the number of years from today.
p(t) = 1200(1.028)t
find the current price of the item and the price 9 years from today. Round your answers to the nearest dollar as necessary.
Current price: _$
Price 9 years from today: _$
Answers: 1
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If the rate of inflation is 2.8% per year, the future price p(t) ( in dollars ) of a certain item ca...
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