currency unit in 1913. Complete parts (a) and (b) below.
a) Use this function to predict the amount it will take in 2009 and in 2016 to equal the value of 1 currency unit in 1913.
In 2009 , it will take 21.69 currency units.
(Round to two decimal places as needed.)
In 2016, it will take currency units
(Round to two decimal places as needed.)

Answer

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Answer

Calculate the value for 2016: \(f(103) = 1 + 0.04(103)\)

Steps

Step 1 ：Define the given function: \(f(t) = 1 + 0.04t\)

Step 2 ：Calculate the value for 2009: \(f(96) = 1 + 0.04(96)\)

Step 3 ：Calculate the value for 2016: \(f(103) = 1 + 0.04(103)\)