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butalik
4 days ago
11

In 1979, the price of electricity was $0.05 per kilowatt-hour. The price of electricity has increased at a rate of approximately

2.05% annually. If t is the number of years after 1979, create the equation that can be used to determine how many years it will take for the price per kilowatt-hour to reach $0.10. Fill in the values of a, b, and c for this situation. Do not include dollar signs in the response.
Mathematics
1 answer:
PIT_PIT [9.1K]4 days ago
3 0
The equation would be established as 0.10 = 0.05(1 + 0.0205) ^ t and the calculation indicates that it will take approximately 34.16 years. Here, 0.10 is the target value, 0.05 represents the initial amount, and 0.0205 corresponds to the annual percentage increase of 2.05%, expressed in decimal form. To simplify, we first combine the terms inside the parentheses and then divide both sides by 0.05.
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