If the rate of inflation is
3.9%
per year, the future price
pt
(in dollars) of a certain item can be modeled by the following exponential function, where
t
is the number of years from today.

=pt6001.039t
Find the current price of the item and the price
8
years from today.
Round your answers to the nearest dollar as necessary.

Question

If the rate of inflation is 
3.9%
 per year, the future price 
pt
 (in dollars) of a certain item can be modeled by the following exponential function, where 
t
 is the number of years from today.

=pt6001.039t
Find the current price of the item and the price 
8
 years from today. 
Round your answers to the nearest dollar as necessary.

lochana · Answer

"pt6001.039t" is it exponential? or just multiplying pt, 60001.039 and t?

lochana · Answer

are you sure you posted "pt6001.039t" correctly?

lochana · Answer

so we can say, if the current price is A and the inflation is 3.9%, price will be after t years$$pt = A(1.039)^t$$

lochana · Answer

can you post a image of your question. your question is not clear to give an answer.