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OpenStudy (jen543):
1 algebra question?! Will fan! please help
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OpenStudy (jen543):
If the rate of inflation is 2.2% per year, the future price p(t) (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p(t)=1200(1.022^t) Find the current price of the item and the price 10 years from today. Round your answers to the nearest dollar as necessary. Current Price: (is it 1200? ) Price 10 years from today: Thank you! (Not a test) I don't remember how to do this!
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