Answer:
Step-by-step explanation5:
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:
Step-by-step explanation:
Use this formula:
Where,
Substitute in the values.
Answer:
Kelvin wrote 60 the wrong way.
He has to write $30.65 - 60%, not 0.60.
Here is the final correct equation:
$30.65 - 60% = 12.26
5:12 add sum to sum then sum
