Concept explainers
To Find:
How much would the price increase in 9 months.
Answer to Problem 3CYP
Explanation of Solution
Given:
Suppose a gallon of milk costs $2.99 now.
Inflation rate = 5.3%
Time = 9 months
Concept Used :
The formula
C = the future cost
c = current cost
r = rate of inflation
n = number of years for the projection
Calculation:
Chapter 7 Solutions
Algebra 2
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