1. [0/12.5 Points] DETAILS PREVIOUS ANSWERS LARPCALC10 3.1.059. MY NOTES PRACTICE ANOTHE Assuming that the annual rate of inflation averages 3% over the next 10 years, the approximate costs C of goods or services during any year in that decade will be modeled by C(t) = P(1.03), where t is the time in years and P is the present cost. The price of an oil change for your car is presently $24.85. Estimate the price 10 years from now. (Round your answer $ 33.42 to the nearest cent.) X Need Help? Read It Watch It