Question

The average price (in dollars) to rent a studio in a certain city can be approximated by the equation p=28.2t+644 where t is the number of Year’s since 2005. Solve this equation for t and use the new equation to determine approximately what year it will be when the average price of a studio in this city reaches $1320.80

Answer 1

`p = 28.2t + 644\\\\p-644 = 28.2t\\\\(p-644)/(28.2) = (28.2t)/(28.2)\\  \\t = (p-644)/(28.2)`

`t = (1320.80-644)/(28.2) \\\\t = 24`

It will take 24 years.