Mathematics, 22.05.2020 10:59 lilghost3226

Suppose the retail price of an automobile was $27,000 in 1990 and that it increased at 6% per year.
a. Write the equation of the exponential function, in the form P=P, (1 + r)', that models the retail price of the automobile t years after 1990.
b. Use the model to predict the retail price of the automobile in 2000
a. Choose the function that models the retail price of the automobile t years after 1990,
OAP=27,000(106)
OB P = 27,000(0.94)
OC. P = 27,000(7)
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Suppose the retail price of an automobile was $27,000 in 1990 and that it increased at 6% per year.<...