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ES ASK YO Inflation Rate With an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or

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ES ASK YO Inflation Rate With an annual rate of inflation of 3% over the next 10 years, the approximate cost C of goods or services during any year in the decade is given by C(t) = P(1.03), ost s 10 where t is the time (in years) and P is the present cost. The price of an oil change for a car is presently $29.93. Estimate the price (in $) 10 years from now. (Round your answer to two decim places.) $

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