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earnstyle [38]
3 years ago
8

In 1949, the inflation rate in the United States was -2%If a car cost $1500 at the beginning of the year, what did it cost at th

e end of the year
Mathematics
1 answer:
Slav-nsk [51]3 years ago
8 0

Based on the inflation rate in the United States in 1949, the cost of the car at the end of the year would be<u> $1,470.</u>

<h3>What is the cost of the car at year's end?</h3>

The cost can be found by the formula:

= Cost x (1 + inflation rate)

The inflation rate is negative so solving gives:

= 1,500 x (1 - 2%)

= $1,470

Find out more on inflation at brainly.com/question/777738.

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