Let's model the cost by the following exponential function:
c (t) = (7.50) * (1.035) ^ t
Where,
c (t): cost of the movie after t years.
7.50: initial cost of the movie in $
1,035: annual percentage increase due to inflation.
t: time in years.
for t = 0 We have:
c (t) = (7.50) * (1.035) ^ 0
c (t) = (7.50) * (1)
c (t) = 7.50
Answer:
The graph that best models the function is:
GRAPH 2 (from left to right).
