Answer:
$67.28
Step-by-step explanation:
9x+ 5y=35
2x + 5y=0 |* -1
9x +5y= 35
-2x -5y= 0
-----------------
7x / = 35
x=35:7
x=5
2x+5y=0
2*5+5y=0
10+5y=0
5y=-10
y= -10:5
y=-2
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:
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Step-by-step explanation:
