• anonymous
An item costs $500 at time t=0 and costs$P in year t. When inflation is r% per year, the price is given by P = 500e^(rt/100) a) if r is a constant, at what rate is the price rising ( in dollars per year) 1) initially 2) after 2 years b)now suppose that r is increasing by 0.3 per year when r=4 and t=2. At what rate is the price increasing at that time? I can do part a) of this question but cant figure out the solution to part b).
MIT 18.01 Single Variable Calculus (OCW)
• Stacey Warren - Expert brainly.com
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SOLVED
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