Question

NEED HELP ASAP!!!!!!!!!!!!

Answer 1

`p(0)=\$\ 800`

`p(8)=\$\ 998`

Explanation:

The function that the mode in the price is a function of exponential growth

`p(t)=800(1.028)^t`

If t represents time in years, then to find the current price we do
`t = 0`

Then:

`p(t=0)=800(1.028)^0`

`p(0)=800(1)`

`p(0)=\$\ 800`

To find the price after 8 years substitute t = 8 in the equation

`p(t=8)=800(1.028)^8`

`p(8)=\$\ 998`

Answer 2

p(0) = 800

p(8) = 997

Explanation:

p(t) = 800 * (1.028)^t

The current price is when t=0

p(0) = 800 * (1.028)^0

= 800(1)

= 800

The price in 8 years

p(8) = 800 * (1.028)^8

=997.7802522414861936754688

To the nearest dollar

= 998