If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at the beginning of the year was $25.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter2: Linear Equations
Section2.1: Writing Equations
Problem 29PPS
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If the annual rate of inflation is 4%, find the price
of a good at the end of a year if its price at the
beginning of the year was $25.
Select one:
O a. $20
O b. $24
O c. $26
O d. $30
O e. $35
Transcribed Image Text:If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at the beginning of the year was $25. Select one: O a. $20 O b. $24 O c. $26 O d. $30 O e. $35
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