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tigry1
[53]
3 years ago
14
The inflation rate of the U.S. dollar is 3.7 percent. What this means is that every year, prices increase by 3.7 percent. If a q
uart of oil cost $1.69 five years ago, what does it cost now? a. $8.14 b. $1.40 c. $1.75 d. $2.03
Mathematics
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2
answers:
Dennis_Churaev
[7]
3 years ago
7
0
Whatever% of anything is just (whatever/100) * anything.
since we know inflation is 3.7%, what is 3.7% of 1.69?
well is just (3.7/100) * 1.69.
that's how much the quart of oil costs more now. So simply add that to 1.69.
Send
oksian1
[2.3K]
3 years ago
6
0
D. $2.03
Hope this helps!!!
Send
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