Esp If the rate of inflation is 3.9% per year, the future price p(0 (in dollars) of a certain item can be modeled by the following exponential function, where f is the number of years from today. p (1) = 1500(1.039)' Find the current price of the item and the price 8 years from today. Round your answers to the nearest dollar as necessary. Current price: Price 8 years from today: s
Esp If the rate of inflation is 3.9% per year, the future price p(0 (in dollars) of a certain item can be modeled by the following exponential function, where f is the number of years from today. p (1) = 1500(1.039)' Find the current price of the item and the price 8 years from today. Round your answers to the nearest dollar as necessary. Current price: Price 8 years from today: s
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 8T
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