Mathematics: Adozen box of bagels costs $4.98. because of inflation the price increases by 4% a year. 1. write an equation to model the growth in the price of bagels. 2. use your equation to predict how much the bagels will cost 3 years from now. 3. use your equation to predict when the price will exceed $7.50.

Adozen box of bagels costs $4.98. because of inflation

Ответ:

bigblow

07.01.2022

A=p (1+r)^t
A future value
P present value 4.98
R rate 0.04
T time

After 3 years
A=4.98×(1+0.04)^(3)
A=5.60

7.50=4.98 (1.04)^t
Solve for t
T=log(7.50÷4.98)÷log(1.04)
T=10 years

Hope it helps:-)

0,0(0 оценок)

Ответ:

zakwanasim123

09.01.2022

Mathematics

dudistfifhsr7d3rir8r8tujtotustsyw74it

0,0(0 оценок)

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.

Ask your question

Adozen box of bagels costs $4.98. because of inflation the price increases by 4% a year.
1. write an equation to model the growth in the price of bagels.
2. use your equation to predict how much the bagels will cost 3 years from now.
3. use your equation to predict when the price will exceed $7.50.

Ответ:

Ответ:

Ask your question to the AI advisor

More tips

Answers on questions: Mathematics

Ask an AI advisor a question