15–20. Designing exponential growth functions Complete the following steps for the given situation.
a. Find the rate constant k and use it to devise an exponential growth function that fits the given data.
b. Answer the accompanying question.
Rising costs Between 2010 and 2016, the average rate of inflation was about 1.6%/yr. If a cart of groceries cost $100 in 2010, what will it cost in 2025, assuming the rate of inflation remains constant at 1.6%?