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3 years ago

11

The cost of Mr. Patten’s car insurance increased by 5% to $86.82 per month. What was the cost of his insurance before it increas

ed?

1 answer:

Nostrana [21]3 years ago

7 0

Answer:

Considering is a compunded increase rate of the yearly car insurance fee and x is the initial value of the insurance fee then

x×(1.05)^12=$86.82

×=$86.82/(1.05)^12

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