Asked by Beth
Barnaby’s grandfather is always complaining that back when he was a teenager, he used to be able to buy his girlfriend dinner for only.
A. If that same dinner that Barnaby’s grandfather purchased for
sixty years ago now costs
, and the price has increased exponentially, write an equation that will give you the costs at different times.
B.How much would you expect the same dinner to cost in 60 years?
A. If that same dinner that Barnaby’s grandfather purchased for
sixty years ago now costs
, and the price has increased exponentially, write an equation that will give you the costs at different times.
B.How much would you expect the same dinner to cost in 60 years?
Answers
Answered by
oobleck
how about some numbers?
Knowing P1 and P2, you need to find r such that
P1(1+r)^60 = P2
Knowing P1 and P2, you need to find r such that
P1(1+r)^60 = P2
Answered by
R_scott
(current price) = (old price) * [1 + (annual increase)]^(years)
B. (future price) = (current price) * [1 + (annual increase)]^(years)
annual increase is the percentage , entered as a decimal
B. (future price) = (current price) * [1 + (annual increase)]^(years)
annual increase is the percentage , entered as a decimal
Answered by
Tara
B: = $425.04
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