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PLEASE HELP!!!! 15 points if right!!! Due to inflation, a fixed quantity of money can buy 5% less every year. If Bryce has enough in his wallet to buy 87 movie tickets right now…

PLEASE HELP!!!! 15 points if right!!! Due to inflation, a fixed quantity of money can buy 5% less every year. If Bryce has enough in his wallet to buy 87 movie tickets right now…
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PLEASE HELP!!!! 15 points if right!!!

Due to inflation, a fixed quantity of money can buy 5% less every year. If Bryce has enough in his wallet to buy 87 movie tickets right now, how many movie tickets could the same amount of money buy in 16 years?

User Love
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8.3k points

1 Answer

5 votes
5% x 16 years is 80. 87+ 80% is 156.6.
User Jason Antman
by
8.5k points
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