The price of a certain amount of goods and services a year back was $200. If price increased by 4 percent during the year, how m
uch money is required to buy the same amount of goods today?
1 answer:
Multiply original price by (1 + %)
=$200 * (1 + 4%)
=$200 * (1 + 0.04)
=$200 * (1.04)
=$208
ANSWER: $208 is required to buy the same amount of goods today.
Hope this helps! :)
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