By using data from the U.S. Bureau of Labor Statistics for the years 1968-2002, the purchasing power P of a 1983 dollar can be modeled with the function , where t is the number of years past 1960. Based on this model, what is the purchasing power of a 1983 dollar in the year 1970? Round your answer to the nearest cent.

Question

By using data from the U.S. Bureau of Labor Statistics for the years 1968-2002, the purchasing power P of a 1983 dollar can be modeled with the function  , where t is the number of years past 1960. Based on this model, what is the purchasing power of a 1983 dollar in the year 1970? Round your answer to the nearest cent. ​

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The Answer of By using data from the U.S. Bureau of Labor Statistics for the years 1968-2002, the purchasing power P of a 1983 dollar can be modeled with the function  , where t is the number of years past 1960. Based on this model, what is the purchasing power of a 1983 dollar in the year 1970? Round your answer to the nearest cent. ​

By Using Data from the U