As economist calculates that the cost of living in summerfield is currrently 85,000 per yaer. And increasing by 5% per year . Wh
at will be the cost of living in 10 years
1 answer:
Answer:
138,456
Step-by-step explanation:
Each year, the cost is multiplied by 1 +5% = 1.05. In 10 years, it will have been multiplied by that factor 10 times, so will be ...
85,000×1.05^10 ≈ 138,456
The cost of living in 10 years will be about 138,456 per year.
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