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

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 8, 2022 167k views

3 votes

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

Marcus Ilgner asked

by Marcus Ilgner

4.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

3 votes

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

Niks answered Apr 11, 2022

by Niks

4.7k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.6m questions

6.0m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions