If the rate of inflation is 2.5% per year, the future price P (T)(in dollars) Of a certain item can be modeled by the following exponential function, where tea is the number of years from today p(t)=800(1.025Find the current price of the item and the price eight years from today round your answer to the nearest dollar as necessary

If the rate of inflation is 25 per year the future price P Tin dollars Of a certain item can be modeled by the following exponential function where tea is the n class=