(a) Evaluate A (15) and interpret its meaning in the context of this problem. Round to the nearest dollar. Do not round intermediate calculations. A (15) means that in the year , it will take approximately $ to have the same buying power as $100 in 2010. Part: 1/2 Part 2 of 2 (b) Verify that by the year 2032, more than $200 will be needed to have the same buying power as $100 in 2010. Round to the nearest dollar. Do not round intermediate calculations. By the year 2032, approximately will be needed to have the same buying power as $100 in 2010. S X
(a) Evaluate A (15) and interpret its meaning in the context of this problem. Round to the nearest dollar. Do not round intermediate calculations. A (15) means that in the year , it will take approximately $ to have the same buying power as $100 in 2010. Part: 1/2 Part 2 of 2 (b) Verify that by the year 2032, more than $200 will be needed to have the same buying power as $100 in 2010. Round to the nearest dollar. Do not round intermediate calculations. By the year 2032, approximately will be needed to have the same buying power as $100 in 2010. S X
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter8: Graphing Quadratic Functions
Section: Chapter Questions
Problem 30CR
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Transcribed Image Text:0.0318t
The function defined by A (t)=100e approximates the equivalent amount of money needed t years after the year 2010 to equal $100 of buying power in
the year 2010. The value 0.0318 is related to the average rate of inflation.
Amount($)
300
250
200
150
100
50
0
0 5
10 15 20 25 30
Years after 2010
(a) Evaluate A (15) and interpret its meaning in the context of this problem. Round to the nearest dollar. Do not round intermediate calculations.
(b) Verify that by the year 2032, more than $200 will be needed to have the same buying power as $100 in 2010. Round to the nearest dollar. Do not round
intermediate calculations.
Transcribed Image Text:Part 1 of 2
(a) Evaluate A (15) and interpret its meaning in the context of this problem. Round to the nearest dollar. Do not round intermediate calculations.
means that in the year it will take approximately $ to have the same buying power as $100 in
A (15)
2010.
Part: 1 / 2
Part 2 of 2
(b) Verify that by the year 2032, more than $200 will be needed to have the same buying power as $100 in 2010. Round to the nearest dollar. Do not
round intermediate calculations.
By the year 2032, approximately
will be needed to have the same buying power as $100 in 2010.
X
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