Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation
C = 0.068 + 1.8t + 96
where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
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