If the annual rate of inflation averages 7% over the next 10 years,the approximate cost C of goods or services during any year in that decade is where t is the time in years and P is the present cost.The price of an oil change for your car is presently $25.45.Estimate the price 8 years from now.Round your answer to two decimal places.
A)$27.23
B)$43.73
C)$217.85
D)$27.17
E)$255.37

Question

If the annual rate of inflation averages 7% over the next 10 years,the approximate cost C of goods or services during any year in that decade is  where t is the time in years and P is the present cost.The price of an oil change for your car is presently $25.45.Estimate the price 8 years from now.Round your answer to two decimal places. ​
A)$27.23 
B)$43.73 
C)$217.85 
D)$27.17 
E)$255.37

Quizplus · Accepted Answer

The Answer of If the annual rate of inflation averages 7% over the next 10 years,the approximate cost C of goods or services during any year in that decade is  where t is the time in years and P is the present cost.The price of an oil change for your car is presently $25.45.Estimate the price 8 years from now.Round your answer to two decimal places. ​
A)$27.23 
B)$43.73 
C)$217.85 
D)$27.17 
E)$255.37

If the Annual Rate of Inflation Averages 7% Over the Next