Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation C = 0.068 + 1.8t + 96 where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation C = 0.068 + 1.8t + 96 where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation
C = 0.068 + 1.8t + 96
where t is the number of years past 2010. With 2012 as the reference year, a year in which the CPI = 120.56 means goods and services that cost $100.00 in 2012 are expected to cost $120.56 in that year. Find the year in which the CPI is predicted to reach 150.00.
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