Michael is tracking the entry fee for a certain exhibition. The entry fee when he first visited the exhibition was 45.35. He observed that the entry fee increases each year at a rate of 11%. Which function represents the entry fee charged after t years?

Solution

Solution

Amount before addition : 40.85585 \dots

Solution steps

Translate the problem into an equation:

45.35 = x + 0.11 x

45.35 = x + 0.11 x : x = \frac{4535}{111}

\frac{4535}{111} = 40.85585 \dots

Amount before addition : 40.85585 \dots

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