Decreasing Value of the Dollar. In 2014, it took $23.63 to equal the value of $1 in 1913. In 2000, it took only $17.39 to equal the value of $1 in 1913. The amount that it takes to equal the value of $1 in 1913 can be estimated by the linear functionV given by V(x) = 0.4306x + 11.0043,
where x is the number of years since 1985. Thus, V (10) gives the amount that it took in 1995 to equal the value of $1 in 1913.
Source: usinflationcalculator.com
a) Use this function to predict the amount that it will take in 2018 and in 2025 to equal the value of $1 in 1913.
b) When will it take approximately $32 to equal the value of $1 in 1913?
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