Problem

It was observed that the price of videocassettes at a certain electronics store increased...

It was observed that the price of videocassettes at a certain electronics store increased by 3 cents per month throughout 1990. In June, the price was $6.35. Give an equation for the price as a function of time. (Take t = 0 to represent the beginning of the year.) If this price increase continues, what will a cassette cost at the end of 1991? When will the price be $7.00?

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