The price P of a gallon of gas after t years is given by the : Po(1+ r)', where P, is the initial price of gas equation P = r is the rate of inflation. If the price of a gallon of gas is currently $3.25, how long will it take for the price to rise to $4.00 if the and rate of inflation is 10.5%?
The price P of a gallon of gas after t years is given by the : Po(1+ r)', where P, is the initial price of gas equation P = r is the rate of inflation. If the price of a gallon of gas is currently $3.25, how long will it take for the price to rise to $4.00 if the and rate of inflation is 10.5%?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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