A university proposed a parking fee increase. The universityadministration recommended gradually increasing the daily parkingfee on this campus from $6.00 in the year 2004, by an increase of8% every year after that. Call this plan A. Several other planswere also proposed; one of them, plan B, recommended that everyyear after 2004 the rate be increased by 60 cents.
a. Let t=0 for year 2004 and fill in the chart forparking fees under plans A and B.
Round your answers for the values under Plan A to two decimalplaces, and enter the exact answers for the values under PlanB.
| Years after 2004 | Parking Plan under Plan A | Parking Plan under Plan B |
| 0 | $6.00 | $6.00 |
| 1 | $ | $ |
| 2 | $ | $ |
| 3 | $ | $ |
| 4 | $ | $ |
b. Write an equation for parking fees FA as afunction of t (years since 2004) for plan A and anequation FB for plan B.
Enter the exact answers.
FA=
Edit
FB=
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c. What will the daily parking fee be by the year2025 under each plan?
Round your answer for the value under Plan A to two decimal places,and enter the exact answer for the value under Plan B.
Under plan A, the daily parking fee in the year 2025 with be$.
Under plan B, the daily parking fee in the year 2025 with be$.
d. Imagine that you are the student representativeto the Board of Trustees. Which plan would you recommend foradoption?
For students,
Plan APlan B
is less expensive over the next  years, so it shouldbe recommended.
