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Write an exponential equation to represent the situation and answer the question.

If the cost of a loaf of bread is now $ and is increasing at % per year, what will it cost years from now?

The independent variable () is time, and the dependent variable (y) is cost. Remember .

In years the bread will cost $.

You have a point because time is now and cost is $. You also have the multiplier because the increase is (% increase).