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The consumer price index (CPI) measures how prices have changed for consumers. With 1995 as a reference of 100, a year with CPI = 150 indicates that consumer costs in that year were 1.5 times the 1995 costs. With labor data from a country for selected years from 1995 and projected to 2050, the rate of change of the CPI can be modeled by
(dC)/(dt) = 0.009t^2 - 0.096t + 4.85 dollars per year, where t=o represents 1990.

Find the function that models C(t), if the CPI was 160 in 2010.

1 Answer

4 votes

Answer: C1 = 58.2

Find the model in the explanation

Explanation:

Please find the attached file for the solution.

The consumer price index (CPI) measures how prices have changed for consumers. With-example-1
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User Rick Pastoor
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