Question

The value of a particular item can be modeled by
P(t) = P0(a)t
where P is in dollars and t is the number of years since the item was purchased. Suppose the value of the item increases 5% each year and the item was purchased for $20.

(a) Write a formula for P(t) according to the model.
P(t) =
Correct: Your answer is correct.
.


(b) How fast is the value of the item increasing when t = 25 years? Round your answer to two decimal places.

Answer 1

i just need part b

Answer 2

is it p not ??

Answer 3

\[P_{0}(a) * t\]

Answer 4

\[P_{0} *a*t\]

Answer 5

\[P_{0}=20\]

Answer 6

a=5/100

Answer 7

t = 25 year

Answer 8

Im sorry, it's Pnot(a)^t

Answer 9

\[P_{0} *a ^t\]???

Answer 10

yes