Share with your friends

You know that, when t=0, the price, P, is $100000. So, P0 must be 100000. Now use the second data point, when t=20. 350000=100000xa^20 (divide by 100000) 3.5 = a^20 (taking the 20th root) a=3.5^(1/20)=1.0646 which can be interpreted as an average increase of 6.46% per year.

Talk Doctor Online in Bissoy App