If the rate of inflation is 2.8% per year, the future price

Last updated: 8/8/2022

If the rate of inflation is 2.8% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p(t)=3000 (1.028) Find the price of the item 6 years from today and 10 years from today. Round your answers to the nearest dollar as necessary. Price 6 years from today: Price 10 years from today: $