A pair of women's running shoes cost $125 in 2008 and the same shoes cost $140 in 2012 due to inflation. a. Develop an exponential model to describe the rate of inflation over this time period. form: y=125(___)x^2 b. If inflation continues at the same rate, use your model in part (a) to estimate the price of the shoes in 2018.
A pair of women's running shoes cost $125 in 2008 and the same shoes cost $140 in 2012 due to inflation. a. Develop an exponential model to describe the rate of inflation over this time period. form: y=125(___)x^2 b. If inflation continues at the same rate, use your model in part (a) to estimate the price of the shoes in 2018.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4RE: Determine whether Table 1 could represent a function that is linear, exponential, or neither. If it...
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A pair of women's running shoes cost $125 in 2008 and the same shoes cost $140 in 2012 due to inflation.
a. Develop an exponential model to describe the rate of inflation over this time period.
form: y=125(___)x^2
b. If inflation continues at the same rate, use your model in part (a) to estimate the price of the shoes in
2018.
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