The price of a movie ticket averages
What is the multiplier in this situation?
Since the price is increasing, the multiplier is
Write a function that represents the cost of a movie ticket
Use the general equation for an exponential function:
, where is the initial value, is the multiplier, and is time, in years.
If tickets continue to increase at the same rate, what will they cost
years from now?
Use the equation from part (b).