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With an annual rate of inflation of 4% over the next 10 years,the approximate cost of goods or services during any year in the decade is given by where t is the time (in years) and P is the present cost.The price of an oil change for a car is presently $24.95.Estimate the price 10 years from now.Round your answer to the nearest cent.
IQ Score
A numerical measure of a person's intelligence relative to others, typically determined by standardized tests.
Mental Age
An assessment of a child’s intellectual standing compared with that of same-age peers; determined by comparing the child’s test score with the average score for children of each chronological age.
Wechsler Adult Intelligence Scale
A standardized test designed to measure adult intelligence through various verbal and performance indicators.
Verbal Scale
A scale used to measure subjective phenomena where responses are given in words rather than numbers or graphical symbols.
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