The equation for inflation is
A = P*(1+r)^t
which is an exponential growth equation (if r > 0). If r < 0, then we have deflation.
where...
A = final price after t years
P = initial starting price
r = rate of inflation in decimal form
t = number of years
In this case,
A = unknown (we're solving for this)
P = 280 is the starting price
r = 0.05 is the decimal form of 5%
t = 2 years
We will plug these three pieces of info into the formula to get...
A = P*(1+r)^t
A = 280*(1+0.05)^2
A = 280*(1.05)^2
A = 280*(1.1025)
A = 308.70
Answer: 308.70 dollars
Answer:
-1
Step-by-step explanation:
Answer:
The cost of spoon is £1.84 and therefore the cost of one knife is £5.52.
Given :
-
A knife is 3 times the cost of the spoon.
- 9 spoons and 12 knives costs £82.80.
Solution :
-
This question is solve by creating a linear equation and linear equations are nothing but yet another subset of "equations".
- Linear calculations that requires more than one variable can be done with the help of linear equations.
- The standard form of a linear equation in one variable is ax + b = 0.
Now let x be the cost of spoon. Than the cost knife is 3x. It is given that 9 spoons and 12 knives costs £82.80.
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Therefore the cost of 1 knife = 5.52
Step-by-step explanation: 