Mathematics, 16.01.2022 01:00 lillianmitchell580

If the rate of inflation is 2.5% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today, P(1) -2000(1.025)^t
Find the current price of the item and the price 9 years from today, Round your answers to the nearest dollar as necessary

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If the rate of inflation is 2.5% per year, the future price p (t) (in dollars) of a certain item can...

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