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pentagon [3]
3 years ago
14

Your parents bought their first car for $5,000. the price level in the year your parents bought their car was 50, while the pric

e level today is 200. calculate how much your parents' car would have cost if they bought it today.
Business
1 answer:
skelet666 [1.2K]3 years ago
3 0
<span>Car when parent bought it= 5000$ level when parent bought it =50 Car when I bought it= x$ level when I bought it =200 x=(5000*200) divided by 50 x=5000*4 =20000 Answer for parents car value today = 20000$</span>
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Which statement is correct?
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