Algebra Equations Worksheets With Answer Keys Page 15
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20Chapter 5
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8. Price inflation in the United States is typically about 3% per year. Assuming an annual
inflation rate of 3%, do the following:
(a) Create a model that gives the future price of a candy bar that costs $0.75 today.
(b) Determine when the price of the candy bar is expected to reach $1.50.
(c) When the price reaches $1.50, at what instantaneous rate (in dollars per year) will the price of
the candy bar be changing?
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