The line graph shows the cost of inflation. What cost $10,000 in 1967 would cost the

Chapter 1, Problem 102

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The line graph shows the cost of inflation. What cost $10,000 in 1967 would cost the amoulll shown by the graph in subsequelll year.t (111e symbol...,._ on the horizontal axis shoh'S that there is a break in values between 0 and 80. Tlws, the first tiik mark on the horizontal axis represents 1980.) 70 60 50 40 30 20 10 The Cost of IoDation Whlf cost you $10,000 ia 1967 wofl ml p tkis 11tdt i sukequent yutt. $24,900 t980 l%"5 1990 t995 2000 2005 1 ., Year 2008 Source: U.S. Burea ~ Labor Statistics Here are fwo mathematic-lit models for the data shown by the graph. In each formula. C represetlls the cost x years after 1980 of what cost $10,000 inl967. Modt-1 1 C - 1388x + 24,963 Model t c - 3x' + 1308.< + 25,268 Use these models to solve Exerdses 99-102. Use model 1 to dete rmine in which year the cost will be SS0.483 ror what cost $10.000 in 1967 . .