The approximating curve shown on the figure is given by I(t) = −0.04t3 + 0.4t2 + 0.1t + 202    (0 ≤ t ≤ 7), where t is time in months since the start of December 2006. (a) Use the model to estimate the monthly inflation rate in January 2007 (t = 1). Recall that the inflation rate is  I′(t) I(t)

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Chapter6: Topics In Analytic Geometry
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The approximating curve shown on the figure is given by
I(t) = −0.04t3 + 0.4t2 + 0.1t + 202    (0 ≤ t ≤ 7),
where t is time in months since the start of December 2006.
(a)
Use the model to estimate the monthly inflation rate in January 2007 (t = 1).
Recall that the inflation rate is 
I′(t)
I(t)
.
(Round your answer to three decimal places.)
 
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