Suppose that inflation is 2.5% per year. This means that the cost of an item increases by 2.5% each year. Suppose that a jacket cost $100 in the year 2017. How long (in yr) will it take for the jacket to cost $1000? Round your answer to the nearest year.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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Suppose that inflation is 2.5% per year. This means that the cost of an item increases by 2.5% each year. Suppose that a jacket cost $100 in the year 2017.
How long (in yr) will it take for the jacket to cost $1000? Round your answer to the nearest year.
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