With an annual rate of inflation of 4% over the next 10 years,the approximate cost of goods or services during any year in the decade is given by where t is the time (in years)and P is the present cost.The price of an oil change for a car is presently $24.95.Estimate the price 10 years from now.Round your answer to the nearest cent.
A) $37.09
B) $36.93
C) $89.00
D) $63.90

Question

​With an annual rate of inflation of 4% over the next 10 years,the approximate cost of goods or services during any year in the decade is given by  where t is the time (in years)and P is the present cost.The price of an oil change for a car is presently $24.95.Estimate the price 10 years from now.Round your answer to the nearest cent.
A) ​​$37.09 
B) ​$36.93 
C) ​​$89.00 
D) ​​$63.90

Quizplus · Accepted Answer

The Answer of ​With an annual rate of inflation of 4% over the next 10 years,the approximate cost of goods or services during any year in the decade is given by  where t is the time (in years)and P is the present cost.The price of an oil change for a car is presently $24.95.Estimate the price 10 years from now.Round your answer to the nearest cent.
A) ​​$37.09 
B) ​$36.93 
C) ​​$89.00 
D) ​​$63.90

​With an Annual Rate of Inflation of 4% Over the Next

With an Annual Rate of Inflation of 4% Over the Next