Assuming that the annual rate of inflation averages 3 over the next 15 years the approximate costs C of goods or services during

Question

Assuming that the annual rate of inflation averages 3 over the next 15 years the approximate costs C of goods or services during any year in that decade will be modeled by C t P 1 03 where t is the time in years and P is the present cost The price of an oil change for your car is presently 28 89 Estimate the price 15 years from now Round your answer to the nearest cent

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