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Mathematics, 10.10.2019 06:30 CrunchyBreadstick

The value of a particular item can be modeled by
p(t) = p0(a)t
where p is in dollars and t is the number of years since the item was purchased. suppose the value of the item increases 5% each year and the item was purchased for $20.

(a) write a formula for p(t) according to the model.
p(t) =

(b) how fast is the value of the item increasing when t = 25 years? round your answer to two decimal places.

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