Question

Stuff costs $256 today. If inflation is 2.5%, how much will it cost next year?

a
$262.40
b
$320.00
c
$262.41
d
$258.50

Answer 1

Answer: A

Step-by-step explanation: 256 times 2.5% is 256 times 0.025 which equals 6.4. Add 6.4 to 256