Solved: Inflation If the annual rate of inflation averages
Chapter 3, Problem 3.1.71(choose chapter or problem)
Inflation If the annual rate of inflation averages 4% over the next 10 years, the approximate cost of goods or services during any year in that decade will be modeled by where is the time (in years) and is the present cost. The price of an oil change for your car is presently $23.95. (a) Use a graphing utility to graph the function. (b) Use the graph in part (a) to approximate the price of an oil change 10 years from now. (c) Verify your answer in part (b) algebraically.
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