The prices of a pound of butter for several different years are shown below. Calculate the price of a pound of butter in 2010 dollars. Enter results in the table below. Round answers to the nearest penny. Year Price of butter (lb) (unadjusted) Price in 2010 dollars $ Time span Inflation rate 1970 $1.33 451% 1980 $1.80 154% $2.22 Inflation rates between the indicated years and 2010 are shown in the table below. 1970-2010 1980-2010 1990-2010 2000-2010 64% 1990 X $2.98 $2.11 26% X 2000 $2.43 $ 2010 $2.78
The prices of a pound of butter for several different years are shown below. Calculate the price of a pound of butter in 2010 dollars. Enter results in the table below. Round answers to the nearest penny. Year Price of butter (lb) (unadjusted) Price in 2010 dollars $ Time span Inflation rate 1970 $1.33 451% 1980 $1.80 154% $2.22 Inflation rates between the indicated years and 2010 are shown in the table below. 1970-2010 1980-2010 1990-2010 2000-2010 64% 1990 X $2.98 $2.11 26% X 2000 $2.43 $ 2010 $2.78
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.5: Percent Of Change
Problem 15E
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![The prices of a pound of butter for several different years are shown below.
Calculate the price of a pound of butter in 2010 dollars. Enter results in the table below. Round answers to the nearest penny.
Year
Price of butter (lb)
(unadjusted)
Price in 2010 dollars $
Time span
Inflation rate
1970
$1.33
451%
1980
$1.80
154%
$ 2.22
X
Inflation rates between the indicated years and 2010 are shown in the table below.
1970-2010 1980-2010 1990-2010 2000-2010
64%
1990
26%
$2.11
$2.98
X
69
2000
$2.43
A
2010
$2.78
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fde71b2a0-2026-441d-b435-8e3a2be59e98%2Fff2a70f0-473e-43ca-881c-e8f8cceb8852%2F56ig96_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The prices of a pound of butter for several different years are shown below.
Calculate the price of a pound of butter in 2010 dollars. Enter results in the table below. Round answers to the nearest penny.
Year
Price of butter (lb)
(unadjusted)
Price in 2010 dollars $
Time span
Inflation rate
1970
$1.33
451%
1980
$1.80
154%
$ 2.22
X
Inflation rates between the indicated years and 2010 are shown in the table below.
1970-2010 1980-2010 1990-2010 2000-2010
64%
1990
26%
$2.11
$2.98
X
69
2000
$2.43
A
2010
$2.78
$
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