Question

The cost of a movie ticket is $20, and the cost is predicted to increase by 2% each year over the next 10 years. Find the cost of a ticket after 10 years.

Answer 1

Answer: $24.38

Explanation:

So since the cost of a movie ticket is $20 and the cost is predicted to increase by 2% each year over the next 10 years. to find the cost after 10 years you want to solve for x.

so x=20(1.02)^10

20 is the initial cost and 0.02 is the rate of growth. expressed as a decimal number, the base is b=1+0.02=1.02 and the exponent 10 is the number of years