The price of an item in 2004 was $1.3. Use an inflation rate of 4% to calculate its price in 2030. Round to the nearest cent.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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The price of an item in 2004 was $1.3. Use an inflation rate of 4% to calculate its price in 2030. Round to the nearest cent.

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