If P is the price of an item today, the price of the same item n years
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If P is the price of an item today, the price of the same item n years from today, Pn, is Pn =P(1 + r)n, where r is the constant rate of inflation. Determine the price of a movie ticket 10 years from today if the price today is $8.00 and the annual rate of inflation is constant at 3%.
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Related Book For 
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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