The price of an item increases due to inflation. Let give the price of the item as a function of time in years, with t = 0 in 2004. At what continuous annual rate is the price increasing? Round to 2 decimal places.

Name: The price of an item increases due to inflation. Let give the price of the item as a function of time in years, with t = 0 in 2004. At what continuous annual rate is the price increasing? Round to 2 decimal places.
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Question

The price of an item increases due to inflation. Let   give the price of the item as a function of time in years, with t = 0 in 2004. At what continuous annual rate is the price increasing? Round to 2 decimal places.

Quizplus · Accepted Answer

The Answer is 3.54%

The Price of an Item Increases Due to Inflation