Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation C = 0.068 + 1.8t + 96 where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation C = 0.068 + 1.8t + 96 where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
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Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation
C = 0.068 + 1.8t + 96
where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
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