If the rate of inflation is 2.6% per year, the furture 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) = 2500 ( 1.026 )t Find the current price of the item and the price 9 years drom today.
Round your answers to the nearest dollar as necessary

current price=
Price 9 years from today=

mr. graef told us it is 13 pints

step-by-step explanation:

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!