borisuarez12 borisuarez12

27-03-2021
Mathematics

contestada

Suppose the inflation rate is 7% per year. How much would a $24 pair of
sneakers cost in 8 years? Estimate your answer to 2 places after the decimal.
Tine your answer

Respuesta :

michelleconnolly85 michelleconnolly85

27-03-2021

7% of $24.00 is $1.68.
$1.68 x 8 = $13.44
$13.44 + $24.00 = $37.44

$37.44 would be how much they cost in 8 years

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