(a) The annual inflation rate is 3.5% per year. If a movie ticket costs $7.50, find a

Chapter 4, Problem 4.1.33

(choose chapter or problem)

(a) The annual inflation rate is 3.5% per year. If a movie ticket costs $7.50, find a formula for p, the price of the ticket t years from today, assuming that movie tickets keep up with inflation. (b) According to your formula, how much will movie tickets cost in 20 years?

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