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2.02 Graded Assignment: Graphing Exponential Equationssum consumer mathwill give brainliest1. We mentioned how the price of movie tickets has increased over time with inflation in Unit 6. Let’s let the equation y = 0.50(1.06)x represent the price of movie tickets for the years after 1950.Using this equation, find the price for 2022, 2023 and 2024

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Answer:

2022: 33.19

2023: 35.18

2024: 37.29

Explanation:

The given equation to find the ticket price is

[tex]y=0.5(1.06)^x[/tex]

Where x is the number of years after 1950.

So, to find the price for 2022, 2023 and 2024, we need to replace x by 72, 73 and 74 respectively because

2022 - 1950 = 72

2023 - 1950 = 73

2024 - 1950 = 74

Then, the price for each year is

[tex]\begin{gathered} 2022\colon y=0.5(1.06)^{72} \\ y=0.5(66.37) \\ y=33.19 \\ 2023\colon y=0.5(1.06)^{73} \\ y=0.5(70.36) \\ y=35.18 \\ 2024\colon y=0.5(1.06)^{74} \\ y=0.5(74.58) \\ y=37.29 \end{gathered}[/tex]

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