If an initial quantity grove or decays at an exponential rate
or
, then the final amount
after a time
is given by the following formula
.
Find exponential equation for .
Growth rate of inflation between and
.so the time period is
.
CPI in was
and
was
.
Substitute ,
and
in
.
exponential equation is .
Find the CPI in .
Growth rate of inflation between and
.so the time period is
.
.
Find CPI exceeds 350.
\apply logarithm on each side.
\.
CPI exceeds after years