A country uses the function M (t) = 3.45(1.56) to estimate the inflation rate on a gallon of milk t years since 2020. What does 1.56 represent? O The price of a gallon of milk is estimated to incre ase by $0.56 peryear O The price of a gallon of milk is estimated to increase by $1.56 per year. O The price of a gallon of milk is estimated to incre ase by 56% per yea O The price of a gallon of milk is estimated to incre ase by 156% per year.

A country uses the function M (t) = 3.45(1.56) to estimate the inflation rate on a gallon of milk t years since 2020. What does 1.56 represent? O The price of a gallon of milk is estimated to incre ase by $0.56 peryear O The price of a gallon of milk is estimated to increase by $1.56 per year. O The price of a gallon of milk is estimated to incre ase by 56% per yea O The price of a gallon of milk is estimated to incre ase by 156% per year.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.8: Transforming Exponential Expressions

Problem 1CYU

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