Chapter 4.3, Problem 16QY

To determine

To calculate: The price of baseball game ticket after $10$ years if the price presently is $\$20$ and the annual rate of inflation over the next $10$ years is $4.5\%$ years and during any year the cost C of goods or services in the decade is approximated by $C\left(t\right)=P{\left(1.045\right)}^t,\text{ 0}\le t\le 10$ where t is time in years and P is the present cost.