Answer :
a. 80 tells you the ticket price in the year 2000, 1.03 tells you that the ticket price increases by 3% every year
b. c(5) means what the cost of the ticket in 2005 is, it’s value is 92.74 because 80(1.03)^5 is 92.74
b. c(5) means what the cost of the ticket in 2005 is, it’s value is 92.74 because 80(1.03)^5 is 92.74