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A pair of athletic shoes costs $115. If the inflation rate remains constant at 4%, write an algebraic rule to determine the cost, c(t), of the shoes after t years.

Respuesta :

Answer:

c(t)=115(1.04)^t

Step-by-step explanation:

algebraic rule to determine the cost, c(t), of the shoes after t years is:

c(t)=115(1.04)^t

inflation means a current dollar buy less in the future. example the price of shoes next two years will be :

115(1.04)^2=124.384 dollars

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