Question

Eating at the all-you-can-eat buffet at your favorite restaurant currently costs $18.50, and in cost by 6% each year

1.write a function that correctly depicts this scenario
2. How much will this cost 10 years from now ( round your answer to the nearest cent)
3 how much did this cost 15 years ago ( round your answer to the nearest cent

Answer 1

The function that correctly depicts the scenario is:

cost(n) = 18.50 * 1.06^n

This function takes the number of years n as input and returns the cost of eating at the all-you-can-eat buffet after n years.

The cost of eating at the all-you-can-eat buffet 10 years from now can be calculated as follows:

cost(10) = 18.50 * 1.06^10 ≈ $30.59

The cost of eating at the all-you-can-eat buffet 15 years ago can be calculated as follows:

cost(-15) = 18.50 * 1.06^(-15) ≈ $8.01

Explanation: