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4 January, 11:46

On the total amount of money spent by a school district for 1980 through 2000, the percent, p, spent on athletics can be modeled by this equation;

P=2.49 (1.07) ^t

Where t stands for time, and t=0 in 1980.

Use the formula to calculate how much the district spent in 1999. Round your answer to the nearest thousandth.

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  1. 4 January, 13:32
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    T = 0 is 1980

    so t = 1999 - 1980 = 19

    P = 2.49 (1.07) ^19 = 9.005
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