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
Correct Answer:
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