The function C(t)=C0(1+r)^t

models the rise in the cost of a product that has a cost of C0

today, subject to an average yearly inflation rate of r for t years. If the average annual rate of inflation over the next 11

years is assumed to be 3.5%

, what will the inflation-adjusted cost of a $29,700 car be in 11 years? Round to two decimal places.

asked by guest
on Nov 09, 2024 at 9:02 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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