The cost to mail a letter today is $0.52 and the rate of inflation each year is 2%. In 40 years, how much will you have to pay?
1 answer:
Answer:
94 cents?
Step-by-step explanation:
2%*40=80%
1.80*0.52=0.936
In 40 years, mail may cost about 94 cents.
(I think this is the correct answer ://)
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