Algebra 2 (1st Edition)

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: 44b



Work Step by Step

Using part a), our model is (if $x$ is the number of years passed since the cost yearly was $5200$): $5200(1+0.116)^x=5200(1.116)^x$. Plugging in $x=10$ we get: $5200(1.116)^{10}=15582.8$.
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