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pose that the future price p (t) of a certain item is given by the following exponential function. In this function, p (t) is measured in dollars and t is the ber of years from today. p(t)=1400 (1.049) Find the initial price of the item. $1400 Does the function represent growth or decay? O growth O decay By what percent does the price change each year? 3% X

pose that the future price p (t) of a certain item is given by the following exponential function. In this function, p (t) is measured in dollars and t is the ber of years from today. p(t)=1400 (1.049) Find the initial price of the item. $1400 Does the function represent growth or decay? O growth O decay By what percent does the price change each year? 3% X

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter6: Exponential Functions And Sequences
Section: Chapter Questions
Problem 18CR
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Suppose that the future price p (t) of a certain item is given by the following exponential function. In this function, p (t) is measured in dollars and t is the number of years from today. p(t) = 1400 (1.049)' Find the initial price of the item. $1400 Does the function represent growth or decay? O growth decay By what percent does the price change each year? 3% X
Transcribed Image Text:Suppose that the future price p (t) of a certain item is given by the following exponential function. In this function, p (t) is measured in dollars and t is the number of years from today. p(t) = 1400 (1.049)' Find the initial price of the item. $1400 Does the function represent growth or decay? O growth decay By what percent does the price change each year? 3% X
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