If the rate of inflation is 1.9% per yeta, the future price p (t) in dollars of a certain item can be modeled by the following exponential function, where t is the number of years from today

P (t) = 2000 (1.019t$

Find the current price of the item and the price 10 years from today. Round answer in nearest dollars

Question

Jewel Blackwell

Mathematics

29 March, 21:56

If the rate of inflation is 1.9% per yeta, the future price p (t) in dollars of a certain item can be modeled by the following exponential function, where t is the number of years from today

P (t) = 2000 (1.019t$

Find the current price of the item and the price 10 years from today. Round answer in nearest dollars

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Sophia Acevedo · Answer 1

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