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Prices are increasing by 4 percent per year Give the correct formula If time t is measured in months then the price of a 800 dollar item at the end of one year?
Starcoke724
price = $800 × (1 + 4/100)^(t/12) = $800 × 1.04^(t/12) where t = 12
It can also be expressed as: price = $800 × (1.04^(1/12))^t where t = 12.
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∙ 9y ago
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