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The price of a movie ticket averages and is increasing by per year. Use that information to complete parts (a) through (c) below.

  1. What is the multiplier in this situation?

    Since the price is increasing, the multiplier is .

  2. Write a function that represents the cost of a movie ticket from now.

    Use the general equation for an exponential function: where is the initial value, is the multiplier, and is time, in years.

  3. If tickets continue to increase at the same rate, what will they cost years from now?

    Use the equation from part (b).