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

Question

asked Sep 1, 2020 4.4k views

2 Answers

Jaliza · Answer 1 · 2020-09-03T20:49:23+0000

Answer:

$p(0)=\$\ 800$

$p(8)=\$\ 998$

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

$p(8)=\$\ 998$

Amiya · Answer 2 · 2020-09-07T16:36:44+0000

Answer:

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