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

Question

luda_lava [24]

4 years ago

12

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?

Mathematics

1 answer:

kipiarov [429] · Answer 1 · 2021-11-18T10:39:24+03:00

kipiarov [429]4 years ago

3 0

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! :)