Answered

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Find the current price of the item and the price 10 years from today. Round your answer to the nearest dollar as necessary.

Find The Current Price Of The Item And The Price 10 Years From Today Round Your Answer To The Nearest Dollar As Necessary class=

Sagot :

Given the function

[tex]p(t)=800(1.039)^t[/tex]

t= number of years from today

The current price (t=0) is

[tex]p(0)=800(1.039)^0[/tex][tex]p(0)=800*1[/tex][tex]p(0)=800[/tex]

Current price= 800

Price 10 years from today (t=10)

[tex]p(10)=800(1.039)^{10}[/tex][tex]p(10)=1172.85[/tex]

rounded to the nearest dollar the price in 10 years from today

p(10) = 1173

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