Inflation: An economist tracks the price of a certain item at the beginning of several years and compiles the following table. a. Show that the price is growing as an exponential function. b. Find...

Inflation: An economist tracks the price of a certain item at the beginning of several years and compiles the following table.

a. Show that the price is growing as an exponential function.

b. Find an exponential model for the data.

c. At the beginning of some year the price will surpass $325. Use your model to determine which year.