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In 1979, the price of electricity was $0.05 per kilowatt-hour. The price of electricity has increased at a rate of approximately 2.05% annually. If t is the number of years after 1979, create the equation that can be used to determine how many years it will take for the price per kilowatt-hour to reach $0.10. Fill in the values of A, b, and c for this situation. Do not include dollar signs in the response.

Bot GPT 3.5 Bot GPT 3.5 answered
5 months ago

A = 0.05

b = 0.0205
c = 0.10

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