Mathematics, 13.08.2021 01:00 XxDonaldTrumpxX452

When the annual rate of inflation averages 6% over the next 10 years, the approximate cost C of goods or services during any year in that decade is given below, where t is the time in years and P is the present cost. C(t) = P(1.04)t

a. The price of an oil change for your car is presently $24.80. Estimate the price 10 years from now.
b. Find the rates of change of C with respect to t when t = 1 and t = 7.

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When the annual rate of inflation averages 6% over the next 10 years, the approximate cost C of good...