A pair of women's running shoes cost $110 in 2004 and the same shoes cost...
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A pair of women's running shoes cost $110 in 2004 and the same shoes cost $135 in 2008 due to inflation.a. Develop an exponential model to describe the rate of inflation over this time period.b. If inflation continues at the same rate, use your model in part (a) to estimate the price of the shoes in 2013.a. The rate of inflation can be modeled by the following exponential equation, where the model solves for the inflated price y after time x.
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