The country A Consumer Price Index is approximated by the following formula, where t represents the number of years after 1990. A(t)=100e0.027t For instance, since A(16) is about 154, the amount of goods that could be purchased for $100 in 1990 cost about $154 in 2006. Use the function to determine the year during which costs will be 95% higher than in 1990.
The country A Consumer Price Index is approximated by the following formula, where t represents the number of years after 1990. A(t)=100e0.027t For instance, since A(16) is about 154, the amount of goods that could be purchased for $100 in 1990 cost about $154 in 2006. Use the function to determine the year during which costs will be 95% higher than in 1990.
Chapter2: Functions And Their Graphs
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Problem 46CT: For groups of 60 or more people, a charter bus company determines the rate per person according to...
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The country A Consumer Price Index is approximated by the following formula, where t represents the number of years after 1990.
A(t)=100e0.027t
For instance, since A(16) is about 154, the amount of goods that could be purchased for $100 in 1990 cost about $154 in 2006. Use the function to determine the year during which costs will be 95% higher than in 1990.
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