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igomit
2 months ago
14

In 2010 an item cost $9.00. The price increase by 1.5% each

Mathematics
1 answer:
Zina [12.3K]2 months ago
5 0

Answer:

Step-by-step explanation:

Let P represent the price after t years. Utilizing the compounding formula

P = 9 (1.015)^t

Taking the natural logarithm of both sides

ln P = ln 9 + t ln 1.015

= (2.197 +.0149t )

P = e^{(2.197+.0149t)}

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