The equation for inflation is
A = P*(1+r)^t
which is an exponential growth equation (if r > 0). If r < 0, then we have deflation.
where...
A = final price after t years
P = initial starting price
r = rate of inflation in decimal form
t = number of years
In this case,
A = unknown (we're solving for this)
P = 280 is the starting price
r = 0.05 is the decimal form of 5%
t = 2 years
We will plug these three pieces of info into the formula to get...
A = P*(1+r)^t
A = 280*(1+0.05)^2
A = 280*(1.05)^2
A = 280*(1.1025)
A = 308.70
Answer: 308.70 dollars
Answer:
she is incorrect because if she was given a 20% discount the amount she would have to pay is 38.4
Step-by-step explanation:
48 x .2 = 9.6
48 - 9.6 = 38.4 not 40
Answer:
B
Step-by-step explanation:
The first term has a power and the second term doesnt have a power.
Hope it helped. Pls mark me as brainliest.
Answer:
12.68 if you are rounding to the hundreths place
Step-by-step explanation:
