The function I (t) = - 0.2t3 + 3t2 +100 for 0 ≤ t ≤ 9 gives the CPI of an economy, where t = 0 corresponds to the beginning of 2016. Calculate the inflation rate at the beginning of 2022 (t = 6). a. 8.7% b.7.8% c.7.4%

The function I (t) = - 0.2t3 + 3t2 +100 for 0 ≤ t ≤ 9 gives the CPI of an economy, where t = 0 corresponds to the beginning of 2016. Calculate the inflation rate at the beginning of 2022 (t = 6). a. 8.7% b.7.8% c.7.4%

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter1: Functions

Section1.2: Functions Given By Tables

Problem 32SBE: Does a Limiting Value Occur? A rocket ship is flying away from Earth at a constant velocity, and it...

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Question

The function I (t) = - 0.2t³ + 3t² +100 for 0 ≤ t ≤ 9 gives the CPI of an economy, where t = 0 corresponds to the beginning of 2016. Calculate the inflation rate at the beginning of 2022 (t = 6).

a. 8.7%

b.7.8%

c.7.4%

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