You hear on the news that in the next 5 years, the inflation rate will sky rocket to 12%. If today a new Blu-ray movie cost 19.99,..

Question

asked Apr 5, 2024 170k views

1 Answer

Mihai Ionescu · Answer 1 · 2024-04-12T01:33:02+0000

Work Shown

A = P*e^(r*t)

A = 19.99*e^(0.12*5)

A = 36.424154819814

A = 36.42

Side note: The number 'e' is a special constant in math that is roughly equal to e = 2.718; it's used often in exponential growth functions.