document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=71872>Question 71872</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The cost of living in a certain city has been increasing so much that an item that cost $1 today would cost (1.08)^t dollars in t years.  Using this relationship, how much did today's one-dollar item cost 9 years ago? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #51411 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=51411\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The cost of living in a certain city has been increasing so much that an item that cost $1 today would cost (1.08)^t dollars in t years.  Using this relationship, how much did today's one-dollar item cost 9 years ago?<BR>\n" );
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document.write( "Let \"x\" be the value 9 years ago.<BR>\n" );
document.write( "EQUATION: <BR>\n" );
document.write( " x(1.08)^9=$1<BR>\n" );
document.write( "x= 1/(1.08)^9<BR>\n" );
document.write( "x = 1/1.999004627...<BR>\n" );
document.write( "x= $0.50 or 50 cents<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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