Answer
$p=48.28(1.06)^t$
Work Step by Step
The exponential growth model is $p=a(1+r)^t$.
A model giving the average price p (in dollars) of a ticket $t$ years after 2000:
$p=48.28(1+0.06)^t\\p=48.28(1.06)^t$
Algebra 2 (1st Edition)
by Larson, Ron; Boswell, Laurie; Kanold, Timothy D.; Stiff, Lee
Published by
McDougal Littell
ISBN 10:
0618595414
ISBN 13:
978-0-61859-541-9
Chapter 7 Exponential and Logarithmic Functions - 7.1 Graph Exponential Growth Functions - 7.1 Exercises - Problem Solving - Page 485: 41a
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