SOLUTION: The function C(t)=C0(1+r)t models the rise in the cost of a product that has a cost of C0 today, subject to an average yearly inflation rate of r for t years. If the average annua
Question 1198082: The function C(t)=C0(1+r)t models the rise in the cost of a product that has a cost of C0 today, subject to an average yearly inflation rate of r for t years. If the average annual rate of inflation over the next 8 years is assumed to be 1.5%, what will the inflation-adjusted cost of a $356 airline ticket be in 8 years? Round to two decimal places. Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website! .