SOLUTION: The cost of a certain brand of camera has been increasing at 8% per year. If a camera now costs $150, find the cost in two 2 years and 6 months from now.
I can do the computatio
Algebra.Com
Question 813859: The cost of a certain brand of camera has been increasing at 8% per year. If a camera now costs $150, find the cost in two 2 years and 6 months from now.
I can do the computations; I just can't figure out a formula.
Answer by josgarithmetic(39630) (Show Source): You can put this solution on YOUR website!
"increasing at 8% per year", exponential growth.
You really mean price or not?
, x=years of price growth.
2 years and 6 months may be 2.5 years.
and you might use a scientific calculator.
P=181.82
RELATED QUESTIONS
If the rate of inflation is 8.6% per year, how much could a camera that now costs $225 be (answered by Boreal)
If the rate of inflation is 11.8% per year, how much could a camera that now costs $225... (answered by addingup,rfer)
A camera has a listed price of
$579.95
before tax. If the sales tax rate is
8.75%... (answered by stanbon)
Joe had saved $264. He spent 3/8 of that to buy a camera. How much did the camera... (answered by Alan3354)
The total cost of camera equipment is 520.00. The camera costs 244.40. What percent of... (answered by fractalier)
The price of milk has been steadily increasing 5% per year. If the cost of a gallon is... (answered by mananth,josgarithmetic,ikleyn,TeachMath)
a calculator costs 12 dollars less than a camera. Both together cost 87 dollars. What is... (answered by rfer)
A camera has a listed price of $767.95 before tax. If the sales tax rate is 7.25%, find... (answered by josgarithmetic)
A camera has a listed price of $653.99 before tax. If the sales tax rate is 6.5%, find... (answered by ikleyn)