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

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Tom Wells asked Aug 18, 2022

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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

Mathematics
high-school

Tom Wells asked Aug 18, 2022

by Tom Wells

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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

Jonny C answered Aug 25, 2022

by Jonny C

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