A family spends $30,000 a year for living expenses. If prices increase by 5 percent a year for the next three years, what amount will the family need for their living expenses after three years?
1 answer:
Answer:
The family will need $34500.
Step-by-step explanation:
1. 5% of 30000 is 1500.
2. 3 times 1500 is 4500.
3. Add 4500 and the starting amount.
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