(a) The annual inflation rate is 3.8% per year. If a movie

Last updated: 7/18/2022

(a) The annual inflation rate is 3.8% per year. If a movie ticket costs $12.00 today, find a formula for y, the price of a movie ticket t years from today, assuming that movie tickets keep up with inflation. (b) According to your formula, how much will a movie ticket cost in 25 years?