Dinner at your grandfather's favorite restaurant now costs $25.25 and has been increasing steadily at 4% per year. How much did

Question

charle [14.2K]

3 years ago

9

Dinner at your grandfather's favorite restaurant now costs $25.25 and has been increasing steadily at 4% per year. How much did

it cost 35 years ago when he was courting your grandmother?

Mathematics

1 answer:

storchak [24] · Answer 1 · 2022-08-28T04:48:13+03:00

storchak [24]3 years ago

5 0

This will be a little complex number...
assume 35 years ago, it cost x dollars
for now: x× $1.04^{35}$ =25.25
solve it! :) maybe too difficult without a calculator