The consumer price index (CPI) for a given year is the amount of money in that year that has the same purchasing power as $100 in 1983. At the start of 2015, the CPI was 234.1 Write a formula for the CPI as a function of t years after 2015, assuming that the CPI increases by 2.3% every year.

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 61SE: The fox population in a certain region has an annualgrowth rate of 9 per year. In the year 2012,...
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The consumer price index (CPI) for a given year is the amount of money in that year that has the same purchasing power as $100 in 1983. At the start of 2015, the CPI was 234.1 Write a formula for the CPI as a function of t years after 2015, assuming that the CPI increases by 2.3% every year.

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