1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weqwewe [10]
3 years ago
12

Between 2005 and 2010

Mathematics
1 answer:
gizmo_the_mogwai [7]3 years ago
6 0

Answer:

<u>A cart of groceries that costed US$ 160 in 2005, costs US$ 197.49 in 2010 at an average rate of 4.3% of inflation.</u>

Step-by-step explanation:

1. Let's review the data given to us for solving the question:

Cost of cart of groceries in 2005 = US$ 160

Period of inflation analysis = 5 years

Inflation average rate = 4.3 % compounded annually

2. Let's find the future value of the cost of a cart of groceries in 2010, using the following formula:

FV = PV * (1 + i) ⁿ

PV = Cost of cart of groceries in 2005 = US$ 160

number of periods (n) = 5 (Period of inflation analysis = 5 years)

Inflation average rate (i) = 4.3% = 0.043

Replacing with the real values, we have:

FV = 160 * (1 + 0.043) ⁵

FV = 160 * (1.043) ⁵

FV = 160 * 1.234302311

FV = 197.49 (Rounding to two decimal places)

You might be interested in
Los Angeles is about 385 miles from San Francisco. How far apart would the cities be on a map with a scale of 1 in. = 25 mi? If
Dmitry_Shevchenko [17]
15.4 should be the answer
8 0
2 years ago
Read 2 more answers
PLEASE HELP!!!!!<br> What is the unit rate for 644.8 ft in 31 s? Enter your answer as a decimal.
Kruka [31]
20.79 feet per second
5 0
3 years ago
Read 2 more answers
Giant Department Stores, Inc. purchased bedroom curtains from The Linen Company for $6.19. The markup was $4.20. What was the se
Vesna [10]
When purchased for 6.19, after mark up +4.20 = $10.39
4 0
3 years ago
Solve for x.<br> 5x−2(x+1)=14 ​<br><br> x =
IceJOKER [234]

Answer:

x=16/3

Step-by-step explanation:

5x−2(x+1)=14

Distribute

5x -2x -2 =14

Combine like terms

3x -2 =14

Add 2 to each side

3x-2+2 =14+2

3x=16

Divide each side by 3

3x/3 = 16/3

x=16/3

8 0
2 years ago
Read 2 more answers
Beck finished 30% of his homework in 12 minutes. How many minutes will it take him to complete all of his homework?
Bogdan [553]

Answer: The answer is 40 minutes.

Equation: If m is the total number of minutes it takes him to complete his homework, 30% of m is given by 0.3m. Since 30% was done in 12 minutes, we have 0.3m=12.

4 0
2 years ago
Other questions:
  • Go tigers tail is around 30% of its total length the total length of one Bengal tiger is 96 cm around how long is the tiger?
    12·1 answer
  • For f(x) = 5x + 1
    11·2 answers
  • Why is 0.6 greater than 0.06
    11·1 answer
  • The cost of a gallon of gas recently doubled. By what percent did it increase? A) 50% B) 100% C) 150% D) 200%
    9·1 answer
  • Wite an expression to represen<br> One minus the product of four and a number
    11·2 answers
  • Solve for y<br><br> 2x + y = 7 <br><br> 6x + 9 = 9y - 2x
    8·2 answers
  • A local parking garage charges $5 for the first hour and $1.25 for each additional hour. Write an equation in function notation
    13·1 answer
  • 4 less than w what is the answer
    12·2 answers
  • Generate a frequency table for the following data: 3, 12, 25, 2, 3, 6, 17, 17, 15, 13, 20, 12, 21, 18, 19.
    15·2 answers
  • R1 V
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!