Question: Devise the exponential growth function that fits the given data, then answer the accompanying question. Be sure to identify the reference point ( tequals =

Devise the exponential growth function that fits the given data, then answer the accompanying question. Be sure to identify the reference point
(tequals=0)
and units of time.
Between
20052005
and
20102010,
the average rate of inflation in a certain country was about
33%
per year. If a cart of groceries cost
$140140
in
20052005,
what will it cost in
20152015
assuming the rate of inflation remains constant?
Question content area bottom
Part 1
What is the reference point
(tequals=0)?
A.
the year 20152015
B.
the inflation rate,
33%
C.
the year 20102010
D.
the year 20052005
E.
the cost of groceries,
$140

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