# The consumer price index (CPI) measures how prices have changed for consumers. With 1995 as a reference of 100, a year with CPI=150 indicates that consumer costs in that year were 1.5 times the 1995 costs. With labor data from a country for selected years from 1995 and projected to 2050, the rate of change of the CPI can be modeled by  dC/dt= 0.009t^2-0.096t+4.85 dollars per year, where t=0 represents 1990. (a) Find the function that models C(t), if the CPI was 175 in 2010. (b) What does the model from part (a) predict for the consumer costsin 2040?

Question

The consumer price index (CPI) measures how prices have changed for consumers. With 1995 as a reference of 100, a year with CPI=150 indicates that consumer costs in that year were 1.5 times the 1995 costs. With labor data from a country for selected years from 1995 and projected to 2050, the rate of change of the CPI can be modeled by

dC/dt= 0.009t^2-0.096t+4.85

dollars per year, where t=0 represents 1990.

(a) Find the function that models C(t), if the CPI was 175 in 2010.

(b) What does the model from part (a) predict for the consumer costsin 2040?

### Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.
Tagged in
MathCalculus