With a yearly inflation rate of 5%, prices are given by P = P0(1.05)t, where P0 is the
Chapter 3, Problem 46(choose chapter or problem)
With a yearly inflation rate of 5%, prices are given by P = P0(1.05)t, where P0 is the price in dollars when t = 0 and t is time in years. Suppose P0 = 1. How fast (in cents/year) are prices rising when t = 10?
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