10. The cost of a gallon of gasoline was $0.21 in 1945 and it increased exponentially to a price of $2.60 in 2021. a. Write an exponential function that models the price of gasoline after the year 1930. (for 1930, use t = 0). Pct)=

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 6SC
icon
Related questions
Question
100%
This is not graded but practice for a future subject. Can someone solve 10a-c. I am having trouble solving the equation and the test of the problem
10. The cost of a gallon of gasoline was $0.21 in 1945 and it increased exponentially to a price
of $2.60 in 2021.
a. Write an exponential function that models the price of gasoline after the year 1930. (for
1930, use t = 0).
Pet)=
b. What will it cost in 2045? (Round to the nearest cent)
C. What will be the first year it will cost at least $16? SHOW YOUR WORK using logs for
full credit. Round UP to a whole number year. State the year in the format 20XX.
Transcribed Image Text:10. The cost of a gallon of gasoline was $0.21 in 1945 and it increased exponentially to a price of $2.60 in 2021. a. Write an exponential function that models the price of gasoline after the year 1930. (for 1930, use t = 0). Pet)= b. What will it cost in 2045? (Round to the nearest cent) C. What will be the first year it will cost at least $16? SHOW YOUR WORK using logs for full credit. Round UP to a whole number year. State the year in the format 20XX.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning