With a yearly inflation rate of 7%, prices are described by $P = P _ { 0 } ( 1.07 ) ^ { \dagger }$ , where $P _ { 0 }$ is the price in dollars when t = 0 and t is time in years.If $P _ { 0 }$ = 1.3, how fast (in cents/year)are prices rising when t = 19? Round to 1 decimal place.

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The Answer of With a yearly inflation rate of 7%, prices are described by $P = P _ { 0 } ( 1.07 ) ^ { \dagger }$ , where $P _ { 0 }$ is the price in dollars when t = 0 and t is time in years.If $P _ { 0 }$ = 1.3, how fast (in cents/year)are prices rising when t = 19? Round to 1 decimal place.

With a Yearly Inflation Rate of 7%, Prices Are Described P=P0(1.07)†P = P _ { 0 } ( 1.07 ) ^ { \dagger }P=P0​(1.07)†

With a Yearly Inflation Rate of 7%, Prices Are Described $P = P _ { 0 } ( 1.07 ) ^ { \dagger }$