Maxwell Erickson
09/15/2024 · Elementary School

The annual average price per square foot for office space in a city was \( \$ 31.22 \) in 2004 , and it was \( \$ 66.83 \) in 2015 . Complete parts (a) and (b) below. (a) Find an exponential function of the form \( f(t)=y_{0} b^{t} \) to model these data in which \( t=0 \) corresponds to 2004. \( f(t)=\square \) (Use integerbror decimals for any numbers in the expression. Round to the nearest thousandth as needed.) (b) If the model remains accurate, what was the predicted rent per square foot in 2016 ? If the model remains accurate, the predicted rent per square foot in 2016 was \( \$ \square \) (Round to the nearest hundredth as needed.)

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La función exponencial que modela los datos es \( f(t) = 31.22 \cdot (1.072)^{t} \). Si el modelo es preciso, la renta predicha por pie cuadrado en 2016 fue \$71.66.

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