Mathematics

31 July, 08:03

On the total amount of money spent by a school district for 1980 through 2000, the percent, p, spent on athletics can be modeled by this equation;

P=2.49 (1.07) ^t

Where t stands for time, and t=0 in 1980.

Use the formula to calculate how much the district spent in 1999. Round your answer to the nearest thousandth.

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