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Inflation Rate with an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or services during any year in the decade is given by C(t) = P(1.03), osts 10 where t is the time (in years) and P is the present cost. The price of an oil change for a car is presently $24.94. Estimate the price (in $) 10 years from now. (Round your answer to two decimal places.) $

Inflation Rate with an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or services during any year in the decade is given by C(t) = P(1.03), osts 10 where t is the time (in years) and P is the present cost. The price of an oil change for a car is presently $24.94. Estimate the price (in $) 10 years from now. (Round your answer to two decimal places.) $

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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With an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or services during any year in the decade is given by
C(t) = P(1.03)t,   0 ≤ t ≤ 10
 
where t is the time (in years) and P is the present cost. The price of an oil change for a car is presently $24.94. Estimate the price (in $) 10 years from now. (Round your answer to two decimal places.)
Inflation Rate with an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or services during any year in the decade is given by C(t) = P(1.03), osts 10 where t is the time (in years) and P is the present cost. The price of an oil change for a car is presently $24.94. Estimate the price (in $) 10 years from now. (Round your answer to two decimal places.) $
Transcribed Image Text:Inflation Rate with an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or services during any year in the decade is given by C(t) = P(1.03), osts 10 where t is the time (in years) and P is the present cost. The price of an oil change for a car is presently $24.94. Estimate the price (in $) 10 years from now. (Round your answer to two decimal places.) $
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