If the rate of inflation is 3.9% 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) = 400 (1.039^t).
Find the current price of the item and the price 8 years from today.
Round your answers to the nearest dollar as necessary.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the rate of inflation is 3.9% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Simplify the radicals - 4√2 ∗ 3√8 ∗ √32 ∗ √3
Answers (1)
6 packages weighs of 2 lb 5 lb 7 lb 5 lb 9lb 8lb whats the average weight of the packages
Answers (1)
A movie rental kiosk has the following options to select from. Genre: action, romance, comedy, horror, drama Duration: less than 90 minutes, 90 minutes120 minutes, more than 120 minutes If employees restock the kiosk by randomly adding movies into
Answers (1)
Sandy is using a protractor to measure a triangle. The first angle she measures is 40°. The second angle measures 24°. What is the measure of the third angle?
Answers (1)
In which quadrant does the angle with measure 2.1 radiand lie let π = 3.14
Answers (1)
New Questions in Mathematics
The average american bikes or walkes 238 minutes every week, or 7 days. how many minutes would a person bike or walk in a month, or 30 days?
Answers (1)
2.48 > 2.4 blank 1 > 2.463
Answers (1)
Ab/2 at a = 1/2, b = 8
Answers (1)
The football club sold bags of candy and cookies to raise money for the spring show. Bags of candy cost $6.00, and bags of cookies cost $4 , and sales equaled $40 in total. There were 3 more bags of cookies than candy sold.
Answers (1)
Charlie bought an airplane ticket for $288.00. The tax on the ticket was 7.5%, and he had to pay an additional $26 in fees. Which of the following shows how much Charlie will pay in total?
Answers (1)