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MIT 18.01 Single Variable Calculus (OCW)
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OpenStudy (anonymous):
With a yearly inflation rate of 6%, prices are given by P = P_0(1.06)^t, where P_0 is the price in dollars when t = 0 and t is time in years. Suppose P_0 = 4. How fast are prices rising when t = 10? Note: your answer should be in cents/year. Round your answer to two decimal places.
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