document.write( "Question 42266: At a town with a large convention center, the cost of a hotel room has increased 5.1% annually. If the average hotel room cost $48.00 in 1980 and this growth continues, what will an average hotel room cost in 2012?
\n" ); document.write( "Use y=a(1+r)^t and round to the nearest cent. \n" ); document.write( "

Algebra.Com's Answer #27385 by fractalier(6550) $\"\"$ $\"About$

You can put this solution on YOUR website!
Well, just plug in your values and calculate...so we get
\n" ); document.write( "y = a(1 + r)^t
\n" ); document.write( "y = 48(1 + .051)^32
\n" ); document.write( "y = 48(4.912)
\n" ); document.write( "y = $235.79 \n" ); document.write( "

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